Huobi News: Bitcoin and Ethereum trading platform Huobi has made a significant change to its user agreement statement. The exchange announced that it will no longer allow users based in China to trade derivatives on its website.
Huobi has closed the doors to its China-based customers
China has been added to the list of illegal jurisdictions for derivatives trading service Huobi. However, according to the notification updated on June 26, users can access the public exchange platform and spot trading.
“The Company may, in its sole discretion, suspend or terminate your account, use of the service, or processing of any digital asset transaction at any time if it becomes aware that you have violated this agreement.”
Announcing that the use of services is also prohibited in the United States, Canada, Hong Kong, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela and Crimea, the company has announced that derivatives trading services provided through its websites are in China, Taiwan, Israel, Iraq, Bangladesh. , Bolivia, Ecuador, Kyrgyzstan, Sevastopol and the United Kingdom is prohibited for use only for retail users.
The list of restricted countries or regions may change due to new products or policies based on user agreement.
Twitter account crisis resolved
This update has also caught the public’s attention last week as it followed the news that Huobi’s Twitter account disappeared but reappeared within the week. After the incident, the company tweeted that “everything is back to normal” and “a lot of rumors are circulating in the crypto world right now. Huobi assures that we work under fully legal and compliant standards to best protect users and your assets.” he said.
When the account disappeared, many thought that the Hong Kong-listed Huobi was targeted by regional regulators.