Chinese cryptocurrency-related institutions and projects have successively announced closures and restrictions (summary post is being updated)

Chinese cryptocurrency-related institutions and projects have successively announced closures and restrictions (summary post is being updated)

On September 24, Spark Pool, an Ethereum mining pool, announced that in order to comply with China's latest industry regulatory policies, Spark Pool decided to no longer provide mining pool services to users in mainland China. The specific shutdown plan for mainland China services will be announced in the near future. We will actively cooperate with the regulatory measures of the relevant departments. Thank you for your understanding and support. NBMINER, a graphics card mining machine management software, announced that it will no longer provide technical support services to users in mainland China and disband the QQ group.

Huobi will stop new user registration in mainland China from 23:30 on September 24. The country/region selection for Huobi APP registration has removed mainland China, and currently Taiwan and Hong Kong are still available.

On September 24, BiONE announced that it will be permanently shut down for maintenance at 24:00 (UTC+8) on September 29, 2021. Please be sure to withdraw your coins to other exchanges or wallets before September 29, 2021. The platform will not be responsible for any failure to withdraw coins after the deadline.

On September 25, TokenPocket stated that it would terminate some relevant functional services for users in mainland China, terminate services for third-party DApps that may be involved in transactions and do not comply with normative documents such as the "Notice" or laws and regulations, and retain the basic service functions of the wallet.

On September 25, BHEX announced that in response to regulatory requirements around the world and in compliance with the operational requirements of local cryptocurrency laws and regulations, BHEX Global will permanently shut down its platform services starting today. The platform will be shut down on October 23, 2021. After the platform is shut down, no one will be able to log in to the platform website and App.

On September 26, Loopring Agreement: In order to actively respond to the relevant provisions of the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" issued by the People's Bank of China and other ten departments, Loopring Technology Limited (Loopring Technology) decided to stop providing all virtual currency trading related products and services to Chinese users. Specifically, it will no longer support Chinese users to place orders for transactions; it will no longer support Chinese users to use third-party applications related to transactions through the Loopring wallet. Relying on Loopring's zkRollup expansion technology, users can still withdraw cash at any time. We will release a new announcement as soon as the above measures are implemented.

On September 26, Binance suspended the registration of new users in mainland China. In actual testing, China is no longer an option for registration.

On September 26, ZKSWAP: In order to actively respond to the relevant provisions of the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" issued by the People's Bank of China and other ten departments, ZKSwap decided to stop providing all virtual currency transactions and related products and services to Chinese IP users. Specifically, it no longer supports Chinese IP users to access websites and apps, and no longer supports Chinese IP users to perform Swap and other product services. Relying on ZKSwap's L2 expansion technology, users can withdraw cash at any time. ZKSwap will continue to explore the application of Ethereum's L2 technology in various fields on the basis of complying with local laws around the world. ZKSwap thanks everyone for their long-term concern and support.

On September 26, the HyperDAO (HDAO) Foundation announced that it would no longer communicate or discuss topics related to virtual currencies on Chinese social media, and would cease and withdraw from all operations in mainland China.

On September 26, a person from Binance Group told a reporter from Blockchain Daily that Chinese users have been unable to access the Binance website since 2017 and that it currently has no exchange business in China. The person further stated that Binance attaches great importance to compliance obligations and always adheres to the relevant requirements of local regulators wherever it operates.

On September 26, according to Huobi's official announcement: In response to the local government's regulatory policy requirements, Huobi Global has stopped new user registration in mainland China on September 24, 2021 (UTC+8). For existing users whose identities are authenticated as mainland China, it is planned to complete the orderly withdrawal before 24:00 on December 31, 2021 (UTC+8), while ensuring the safety of user assets. The specific withdrawal details will be notified to users through announcements, emails, internal messages, and text messages. We will effectively ensure the safety of user assets, adhere to the consistent principle of compliant operations, and operate in compliance with the laws and policies of each territory worldwide. Thank you for your understanding!

On September 26, OKEx responded: Since 2017, Chinese users have not been able to access the OKEx website, and the app has long been removed from the application market. Currently, there is no exchange-related business in China.

On September 26, AEX responded that if you are located in mainland China, we will strictly abide by local regulatory policy requirements and cannot provide you with normal services. We will close registration and access rights from mainland China in the near future.

On September 26, Manbi announced that it would permanently close its services in China (including mainland China, Hong Kong, Macau and Taiwan).

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