Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Prisoners' Information Office: Four of his ribs were broken
Palestinian Prisoners' Information Office: Marwan al-Barghouti lost consciousness after a brutal assault by Israeli occupation soldiers
Al Mayadeen's correspondent: Israeli violations in the Gaza Strip have not stopped, and just a short while ago, fishermen came under fire from boats
Al Mayadeen's correspondent: Israeli occupation forces carry out a large explosion in the eastern neighborhood of the town of Mays al-Jabal in southern Lebanon.
Israeli media: Israeli political leadership decides to open Rafah crossing “as planned” and transfer aid to Gaza Strip.
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh

Major Cryptocurrency Exchangers Block Chinese Users After Crypto Ban

  • By Al Mayadeen
  • Source: Agencies
  • 27 Sep 2021 11:28
2 Min Read

Overseas exchanges have started their crackdown on cryptocurrency users in China.

  • x
  • Major Cryptocurrency Exchangers Block Chinese Users After Crypto Ban
    Huobi, Binance, and more are shutting down user accounts on mainland China. 

China's largest cryptocurrency exchanges have barred new accounts and clients from investing and trading cryptocurrencies in mainland China upon the government's latest ban on cryptocurrencies. 

China's top regulators stepped up their crackdown on cryptocurrencies on Friday, 24th of September, imposing a blanket ban on all crypto transactions and mining and putting pressure on Bitcoin and other major coins, as well as crypto and blockchain-related companies. 

Overseas exchanges, as part of the ban, are prohibited from providing services to users in China, as all virtual-currency activities became illegal. 

Huobi, one of the world's largest cryptocurrency exchanges, said Sunday that all already-existing accounts will come to a halt on midnight, Dec 31, 2021. 

Related News

Apple commits to deepen China investments amid US tariff threats

Pfizer CEO urges closer US-China collaboration in biopharma

Furthermore, Binance, also one of the world's largest cryptocurrency exchanges, announced that opening accounts issued by Chinese cellphone numbers are blocked; the Binance application has also been rendered unavailable for download in the country. 

TokenPocket, which is a digital currency wallet, has also announced that they will cut services to users on the mainland in fear of violating the government's latest policies. 

"On the very day we saw the notice, we started to take corrective measures," Du Jun, Huobi co-founder said to Reuters.

Share values significantly decreased upon the ban: Huobi Tech decreased 23%, and OKG Technology Holdings Ltd - the company which owns OKcoin - decreased 12%. 

For China, digital coins have been a main concern for financial stability and control - however, the ban on cryptocurrencies has driven citizens to move and invest in digital currencies offshore. 

 

  • China
  • Cryptocurrency

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
UK extends jet patrols over Poland as NATO builds ‘drone wall’
Politics

UK extends jet patrols over Poland as NATO builds ‘drone wall’

Thousands trapped in El Fasher siege on ‘edge of survival': Report
Politics

Thousands trapped in El-Fasher siege on ‘edge of survival': Report

Trump links aid to Milei’s midterm success, blackmailing Argentinians.
US & Canada

Trump 'extorts' Argentinians, links aid to Milei’s midterm success

Six foreigners barred as US polices speech on Charlie Kirk
Politics

6 foreigners' visas revoked as US polices speech on Charlie Kirk

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS