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Crypto exchanges continue to impose restrictions on users from China

Crypto exchanges restriction in China continues as on on news.bitxmi

Crypto exchanges continue to impose restrictions on users from China

Beijing’s crackdown on the cryptocurrency industry has forced several companies to impose restrictions on dealing with Chinese clients. One of them announced the closure.

On September 27, the BitMart exchange banned the registration of new users from China. The platform will cease servicing existing customers on November 30, 2021.

“BitMart will no longer provide any services in mainland China. All users affected by the [restrictions] will be informed via email, text messages, etc. Withdraw your assets as soon as possible, ” – the notice says.

A similar statement was made by the analytical platform Feixiaohao. Service to Chinese users will end on September 28, 2021, according to the 8BTC publication.

Biki cryptocurrency exchange has suspended the registration of new users from the PRC since September 26. Existing customers can withdraw funds, and on November 30, the site will stop working. Platform tokens will be redeemed by October 31st.

Earlier, exchanges Binance and Huobi closed the possibility of registering new users in mainland China.

SparkPool, the largest mining pool for Ethereum, announced the termination of services for Chinese users, and then the stop of work outside the country.

Online commerce giant Alibaba has announced a ban on the sale of bitcoin miners on its platform.

According to media reports, users from the PRC have lost access to analytical services CoinGecko and CoinMarketCap.

Recall that on September 24, the State Committee for Development and Reforms of China pointed out the negative impact of mining on the environment and its “insignificant” contribution to the country’s economy.

The People’s Bank of China described the illegal activities of platforms that exchange digital assets between themselves or for fiat.

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