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Huobi to halt services in Singapore after China exit
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Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.
Huobi will shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday.
All Huobi clients based in Singapore should close active positions and withdraw their digital assets before March 31, 2022, Huobi said. The exchange will also gradually halt access to Huobi services in Singapore before March, the announcement notes.
The move is part of an effort to comply with relevant regulations by local financial authorities, the firm said. According to Huobi’s user agreement, the company’s services are prohibited for persons located in
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