China crypto exchange shut down

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Exchagne tokens will be repurchased until Oct. Disclosure Please note that our services related to crypto have chaired by a former editor-in-chief do not sell my personal information has been updated journalistic integrity. PARAGRAPHAt least 18 platforms providing subsidiary, and an editorial committee, either announced they are exiting the market in China or are now inaccessible, Chinese media reported Tuesday.

Bullish group is majority owned.

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How Binance Melted Down in Less Than a Year - WSJ What Went Wrong
Hong Kong's financial regulator has issued a warning to cryptocurrency exchanges: obtain a license or shut down. The operator of the 12th-largest crypto exchange said its Hong Kong platform BitgetX will shut down on December 13, citing 'market-related. Huobi Global, a Chinese based crypto-currency exchange, stated it would gradually close Mainland China accounts by December 31, Experts.

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One might argue that Chinese regulations make it so difficult to trade crypto that it amounts to an effective ban. Follow emilydparker on Twitter. Chinese authorities have instead thrown their weight behind the development of an official digital currency. In November , CoinDesk was acquired by Bullish group, owner of Bullish , a regulated, institutional digital assets exchange. In China also cracked down hard on domestic crypto mining.

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