- Huobi Global will be closing the accounts of all its Singapore based users on 31 March 2022.
Users of Huobi Global in Singapore listen up.
On Tuesday (9 November 2021), the world’s seventh-largest cryptocurrency exchange at the time of writing (via CoinMarketCap), announced that it will close the accounts of its Singapore based users on 31 March 2022:
Source: Huobi Global
This move comes shortly after the exchange, founded in China in 2013, was forced to stop serving Chinese customers after authorities announced a total ban on cryptocurrencies in September 2021.
The exchange stated that this move is ‘part of an effort to comply with relevant regulations by local financial authorities,’ i.e. the Monetary Authority of Singapore (MAS).
If you are a Huobi Global user affected by this, fret not!
We will walk you through why this is happening and what you need to do.
TL;DR: Huobi Global Will Close Singapore Based Accounts on 31 March 2022