KuCoin Tells Users in China to Move Funds to ‘Other Platforms’ by Dec. 31

KuCoin Tells Users in China to Move Funds to ‘Other Platforms’ by Dec. 31


Late last month, Chinese authorities ordered a fresh crackdown on crypto mining and outlawed virtually all crypto trading activities in what some defined as its toughest measures against crypto in years. The market experienced a modest sell-off on the news as bitcoin fell roughly 4.5% from around $45,159 to $40,693 before clawing back some of the losses and closing the daily trading period at $42,848.

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