Cryptocurrency exchange KuCoin has announced on Sunday that all of its users from mainland China have to withdraw funds from the platform until Dec. 31.
The company says that it moved to purge Chinese customers in order to comply with new regulatory measures.
Alex DovbnyaUsers who will be affected by the ban will keep receiving emails from KuCoin about the deadline.
Last week, Huobi, one of the leading crypto exchanges, made a similar announcement about retiring all of its Chinese users by the end of the year.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Arman Shirinyan
Dan Burgin
Vladislav Sopov