Tag: chinese bitcoin market

Huobi Terminates Margin Trading, Chinese Bitcoin Market to See Major Improvements

Earlier this week, the People’s Bank of China (PBOC) criticized OKCoin and Huobi, two of the three largest bitcoin exchanges in China apart from BTCC, for violating local regulations by operating margin trading platforms. The central bank of China also noted that OKCoin and Huobi did not have sound KYC and anti-money laundering system. Local publications including Hexun and the Shanghai Observer reported: “Preliminary inspection on “OKCoin” and “Huobi” showed …
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