October 28, 2020

Huobi Exchange will block US user accounts in mid-November

Huobi Cryptocurrency Exchange intends to block US residents' accounts in order to prevent violations User agreement.

The Exchange Terms of Service contain a rule prohibiting US customers from using the services of the site. However, some Americans did create accounts and complete transactions on the platform.

The exchange said that the complete freezing of all accountsUS residents will happen November 13th. By this time, customers will be able to return Huobi Point Cards and withdraw all remaining crypto assets from their accounts.

The other day, the Huobi Group cryptocurrency company announced the launch of the Huobi Cloud platform in the Middle East, designed to create safe and stable digital asset exchanges.

In June, Binance also revisedinternal policy of the company and decided to restrict access to the global platform for users from the United States. At the same time, in September Binance launched a separate cryptocurrency exchange in the United States.

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