Post
Topic
Board Exchanges
Topic OP
[2019-10-06] Leading crypto exchange to freeze US customer accounts
by
Bitcoin_Mafia_Me
on 07/11/2019, 01:57:36 UTC

I think Huobi Global handled it a bit more smoothly than Binance did back in June. Binance never came right out and said
"we're banning US customers". Instead, they said "we can't provide services to people who violate our TOS" and then snuck
in the line about US residents not being allowed to use the platform into the word vomit that was its revised TOS.



Cryptocurrency exchanges like Binance and Huobi Global have users all over the world. Operating in so many countries
comes with a unique set of challenges, however, as exchanges must comply with regulations across multiple jurisdictions.

Earlier this week, Huobi Global announced that it would be freezing all of its U.S. customer accounts effective November
13, 2019 (GMT+8).

Citing the repressive and uncertain regulatory status of cryptocurrencies in the United States, the exchange said that it was
forced to ban U.S. customers from its platform.

“In line with the laws and regulations of the United States with respect to crypto assets, our User Agreement expressly
prohibits users in the United States from using our platform.”


Read full article: https://micky.com.au/leading-crypto-exchange-to-freeze-us-customer-accounts/