{"id":45095,"date":"2021-06-28T16:02:28","date_gmt":"2021-06-28T13:02:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45095"},"modified":"2025-08-31T20:05:02","modified_gmt":"2025-08-31T17:05:02","slug":"huobi-restricts-crypto-derivatives-trading-for-chinese-and-british-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/huobi-restricts-crypto-derivatives-trading-for-chinese-and-british-investors\/","title":{"rendered":"Huobi restricts crypto-derivatives trading for Chinese and British investors"},"content":{"rendered":"<p>The cryptocurrency exchange Huobi no longer offers derivatives trading in cryptocurrencies to residents of China, the United Kingdom, and several other countries. This is evidenced by the updated <a href=\"https:\/\/www.huobi.com\/support\/en-us\/detail\/360000298561\">user agreement<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Huobi, China&#8217;s largest exchange, updated its user agreement to prohibit users in China, the United Kingdom and other places from using derivatives to trade. <a href=\"https:\/\/t.co\/RhiwhJHANb\">pic.twitter.com\/RhiwhJHANb<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1409467730592374784?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the document, Chinese residents can still conduct spot cryptocurrency trading on Huobi.<\/p>\n<p>In May 2021, three associations affiliated with the central bank issued a joint notice prohibiting companies <a href=\"https:\/\/u1f987.com\/en\/news\/media-china-bans-support-for-cryptocurrency-related-business\">to support a crypto-related business<\/a>.<\/p>\n<p>In the same month, Vice Premier Liu He said that authorities intended to take measures against <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-falls-below-37000-on-news-of-chinas-mining-ban\">cryptocurrency mining and Bitcoin trading<\/a>.<\/p>\n<p>Later, Xinhua News Agency <a href=\"https:\/\/u1f987.com\/en\/news\/china-criticises-bitcoin-and-mining-market-falls\">criticised digital gold and its mining methods<\/a>.<\/p>\n<p>Later in state media <a href=\"https:\/\/u1f987.com\/en\/news\/chinese-media-bitcoin-trading-is-not-banned-but-safeguards-for-ordinary-investors-are-needed\">they clarified<\/a> that cryptocurrency operations are possible if citizens are willing to take on such risk. At the same time, advertising of \u201cprofitable assets\u201d will be tightened.<\/p>\n<p>On May 24, ForkLog <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-and-okex-curtail-services-for-chinese-residents\">reported<\/a> that Huobi&#8217;s mining pool had suspended services for PRC residents.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Huobi no longer offers derivatives trading in cryptocurrencies to residents of China, the United Kingdom, and several other countries. This is evidenced by the updated user agreement.<\/p>\n","protected":false},"author":1,"featured_media":45096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1305,133,230],"class_list":["post-45095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-ban","tag-china","tag-huobi"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45095"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45095\/revisions"}],"predecessor-version":[{"id":45097,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45095\/revisions\/45097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45096"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}