Huobi Stops Bitcoin Mining Hosting For Chinese Users

Global Crypto News
Published on: 24.05.2021

Cryptocurrency trading platform Huobi halts certain operations following the crypto regulations imposed by China.

The leading digital assets exchange has stop bitcoin mining hosting for Chinese users as well as barred new Chinese users from trading derivatives.

Huobi further states its Huobi Pool will not be affected. Huobi Pool controls 4% of the total global hash rate.

This move comes after the China government reimposed its stance to crack down on  cryptocurrency mining and trading.

It is worth noting that China holds all the major bitcoin mining pools and the crackdown may have a big impact in the ongoing crypto market price.

#SmartCrypto

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