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Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives 

Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency […]

Bitcoin ETFs surpass gold ETFs in AUM

China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures

China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory PressuresBTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most […]

Bitcoin ETFs surpass gold ETFs in AUM