{"id":3716,"date":"2021-05-23T22:48:30","date_gmt":"2021-05-23T21:48:30","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3716"},"modified":"2021-05-23T22:48:36","modified_gmt":"2021-05-23T21:48:36","slug":"huobi-suspends-trading-in-some-countries","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-suspends-trading-in-some-countries\/","title":{"rendered":"Huobi Suspends Trading in Some Countries"},"content":{"rendered":"\n
Seychelles-based cryptocurrency<\/a> exchange Huobi\u00a0has reportedly temporarily put an end to trading for new customers in some countries, raising questions about the regulatory scrutiny facing cryptocurrencies.<\/h5>\n\n\n\n
\"Huobi<\/figure>\n\n\n\n

Bitcoin as the leading cryptocurrency exchange is also reducing its services in mainland China amid fears of growing regulatory scrutiny.<\/p>\n\n\n\n

According\u00a0to Bloomberg, Huobi is limiting these services in a handful of jurisdictions but didn\u2019t specify which countries would be affected. There was also no word on why the temporary suspension is being implemented, though it could be tied to perceived regulatory uncertainty in China.\u00a0<\/p>\n\n\n\n

The exchange is also reportedly scaling back its miner hosting services in China after regulators in the country reaffairm\u00a0their plan to crack down on cryptocurrency trading activities. But as Cointelegraph reported,\u00a0China has repeatedly reiterated plans to control the domestic cryptocurrency market\u00a0and its recent comments do not represent a material change in policy.<\/p>\n\n\n\n

Huobi was eyeing expansion in Hong Kong earlier this year after receiving a new regulatory clearing from the region\u2019s securities regulator, possibly paving the way for a new cryptocurrency asset management portfolio. The company secured \u201cType 4\u201d and \u201cType 9\u201d licenses from the Hong Kong Securities and Futures Commission in July 2020.<\/p>\n\n\n\n

Huobi Global was the third-largest cryptocurrency exchange by volume on Sunday, processing $7.3 billion worth of transactions, according\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to Messari data.<\/p>\n\n\n\n

Like other exchanges, Huobi has seen a surge in sell orders over the past week as FUD-driven headlines continue to grip the market. The appearance of a coordinated selloff and retail capitulation has\u00a0shaved more than $1 trillion<\/use><\/svg><\/span><\/a>\u00a0off of collective crypto values in the past ten days.<\/p>\n","protected":false},"excerpt":{"rendered":"

Seychelles-based cryptocurrency exchange Huobi\u00a0has reportedly temporarily put an end to trading for new customers in some countries, raising questions about the regulatory scrutiny facing cryptocurrencies. Bitcoin as the leading cryptocurrency exchange is also reducing its services in mainland China amid fears of growing regulatory scrutiny. According\u00a0to Bloomberg, Huobi is limiting these services in a handful […]<\/p>\n","protected":false},"author":63,"featured_media":3717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,81,83],"tags":[368,277],"class_list":["post-3716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-altcoin-news","category-bitcoin-news","tag-huobi","tag-trading"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/Chinas-Weibo-suspends-major-Bitcoin-trading-platforms-including-Binance-Huobi-1024x683-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3716"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3717"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}