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Huobi Global adds Singapore to its ‘restricted jurisdictions’ list
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After the Chinese government’s crackdown on crypto-transactions, Huobi might have thought it will find home again in Singapore. However, an announcement from the crypto-exchange has made it clear that Huobi will be bidding goodbye to many of its users yet again.
Huobi Global is in the news today after it announced that it would be adding Singapore to its “restricted jurisdictions” list. It will be doing so in order to comply with the country’s laws.
In a statement published on 9 November, the company said,
“To comply with the laws of Singapore, we will have to include Singapore as a restricted jurisdiction. Regrettably, this means Huobi Global can no longer offer services to Singapore-based users.”
Furthermore, the crypto-exchange confirmed
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