Binance hires the Chinese Yuan trade and limits access for users from China

Binance hires the Chinese Yuan trade and limits access for users from China

To comply with the local regulations, Binance has announced that from December 31, 2021, it will no longer be operated by OTC shops with Yuan for Chinese users. Shortly after the explanation, the price of BTC and most of the market fell.

on a October 13th one step Further this year and prohibited all local organizations in September 2021, which are only related to the area of digital assets from afar. As a result, over 20 companies had to close their local shops, including other large stock exchanges such as Kucoin and Huobi . According to the popular Chinese journalist Colin Wu, the most used social media platform in China-Wechat-has also started to block the search for trading platforms for digital assets. Wu tweeted that "almost all websites and apps in China have blocked or block the exchange". As with the previous repetition of the Chinese ban, the tokens of some decentralized stock exchanges rose after today's announcement of Binance, Wu. href = "https://twitter.com/wublockchain/1448169378644865/1" Data-wpel-link = "external"> added . At the same time, most of the cryptocurrency market in red is. Bitcoin was traded over $ 56,500 before a sudden violent candle drove it south of about $ 2,000. So far, BTC has calmed around $ 55,000.

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