Crypto Exchange Huobi To Freeze U.S. User Accounts By Mid-November
The Gray Area of US Crypto regulations is forcing Huobi to remove US accounts
Singapore based crypto exchange Huobi is set to freeze accounts controlled by US residents in an effort to crack down on those individuals violating the User Agreement, according to a post on their website. This announcement comes after a gradual depreciation of US resident accounts over the past few months and will end with a total freeze of all US accounts on November 13th
REMOVING U.S USER ACCOUNTS
Huobi has always had language in their Terms of Service banning US users, but there were many cases where US users were able to make accounts and perform trades on the platform. However, Huobi isn’t just running away with their American client’s money.