Kucoin ban chine

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KuCoin has joined the list of crypto entities halting service to customers in Mainland China. The ban was based on the risks of crime and fraud associated. Mainland Chinese users of KuCoin will have to withdraw all their funds and close their accounts by the end of the year, said the exchange. Cryptocurrency trading remains widespread in China despite a ban. KuCoin and pro.bitcoinmega.org, don't currently allow users in mainland China to open.

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KuCoin offers its services to a broad international audience, encompassing over countries. After the restrictions were introduced, KuCoin Exchange decided to launch an internal audit to identify the best strategy for further development. Of course, in the end, the only option was to leave China. It is possible that authorities want to keep the door slightly open to crypto itself, just in case. One might argue that Chinese regulations make it so difficult to trade crypto that it amounts to an effective ban.