Huobi have stopped letting traders use mainland China mobile numbers to register new accounts, after the People’s Bank of China said Friday all crypto-related transactions will be considered illicit financial activity.

“To comply with local laws and regulations, Huobi Global has ceased account registration for new users in Mainland China,” effective Sept. 24, the exchange said in a statement. “Huobi Global will gradually retire existing Mainland China user accounts” by the end of December “and ensure the safety of users’ assets,” it said.

? For more details: https://www.huobi.com/support/en-us/detail/54886961978434

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