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Huobi introduces 24-hour delay on cryptocurrency withdrawals .
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Chinese investors in bitcoin and other digital tokens say they are continuing to trade their virtual currencies overseas as Binance and Huobi end support for purchases in yuan.
December 10, 2021 One of the leading crypto exchanges globally, Huobi Global, has recently announced to be leaving China this month. The digital asset exchange was initially established in China.
The option of mainland China in the country/region selection on crypto exchange Huobi’s new user registration page has disappeared following China’s announcement of tougher measure on crypto.
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Huobi OTC At least one key executive from crypto exchange Huobi is now in custody with Chinese police due to an investigation related to the exchange’s over-the-counter (OTC) trading service,.
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Huobi, operator of the world’s second-largest cryptocurrency exchange by trading volume, has imposed a 24-hour condition before a user can withdraw digital tokens in over-the-counter (OTC).
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At Least One Key Huobi Executive Is In Custody in China: Sources
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The pivot that forced Huobi Pro out of China and into an over-the-counter exchange model hasn’t slowed the exchange down and it is said to currently have over 3 million account holders.
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PART-USD At least one key executive from crypto exchange Huobi is now in custody with Chinese police due to an investigation related to the exchange’s over-the-counter (OTC) trading service,.
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China’s cryptocurrency investors keep the faith even as .
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So far, Huobi, OKEx and Binance have not made any moves regarding their yuan OTC marketplaces. The peer-to-peer method through OTC merchants is currently the only way for China-based users to fund their crypto trading with fiat currencies and also the only way for them to cash out. OTC merchant quotes for USDT against Chinese yuan on Huobi
At Least One Huobi Executive Is In Custody in China: Sources .
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Huobi Appears to Have Suspended Mainland China for New User .