{"id":50588,"date":"2021-10-04T10:36:51","date_gmt":"2021-10-04T07:36:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50588"},"modified":"2025-09-02T19:01:21","modified_gmt":"2025-09-02T16:01:21","slug":"kucoin-bars-registration-for-chinese-users","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kucoin-bars-registration-for-chinese-users\/","title":{"rendered":"KuCoin bars registration for Chinese users"},"content":{"rendered":"<p>The cryptocurrency exchange KuCoin <a href=\"https:\/\/www.kucoin.com\/news\/announcement-on-the-gradual-removal-of-existing-users-in-mainland-china\">\u0437\u0430\u043f\u0440\u0435\u0442\u0438\u043b\u0430<\/a> Chinese citizens from registering on its platform. The company will stop serving existing customers from this country by December 31.<\/p>\n<p>KuCoin said the move was necessary to comply with regulatory requirements.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cSince its inception in 2017 we have always complied with the laws of various countries. On 24 September 2021<\/em>KuCoin<em> reacted to <\/em><a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-42000-as-china-tightens-crypto-trading-regulation\"><em>the latest statements by the Chinese government<\/em><\/a><em> and began reviewing its business processes for regulatory compliance\u201d<\/em>, \u2014 the statement said.<\/p>\n<\/blockquote>\n<p>To safeguard users&#8217; assets, KuCoin has pledged to complete an &#8220;orderly liquidation and withdrawal of funds&#8221; by 24:00 (UTC +8) on 31 December 2021.<\/p>\n<p>Earlier, another cryptocurrency exchange Gate.io took similar measures. The latest platform updates did not affect existing customers.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/t.co\/K3WVOtC1PT\\\">https:\/\/t.co\/K3WVOtC1PT<\/a>, China&#8217;s largest altcoin exchange, will pause onboarding new Chinese users, but existing users won\u2019t be affected at this point, Marie Tatibouet, CMO at <a href=\\\"https:\/\/t.co\/K3WVOtC1PT\\\">https:\/\/t.co\/K3WVOtC1PT<\/a>, told <a href=\\\"https:\/\/t.co\/Ams2Op6Xmq\\\">https:\/\/t.co\/Ams2Op6Xmq<\/a> in an email.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\\\"https:\/\/twitter.com\/WuBlockchain\/status\/1443522862560673796?ref_src=twsrc%5Etfw\\\">September 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to <a href=\\\"https:\/\/www.coingecko.com\/en\/exchanges\\\">CoinGecko<\/a>, Gate.io and KuCoin occupy sixth and seventh place by normalized daily trading volume, with figures around $1.85 billion.<\/p>\n<p>Earlier in September, amid renewed crackdowns, Binance and Huobi had <a href=\"https:\/\/u1f987.com\/en\/news\/binance-and-huobi-halt-new-user-registrations-in-mainland-china\">ceased onboarding<\/a> new users in mainland China.<\/p>\n<p>Co-founder and former BTCC chief Bobby Lee <a href=\"https:\/\/u1f987.com\/en\/news\/bobby-lee-predicts-the-closure-of-otc-platforms-in-china\">predicted<\/a> the closure of over-the-counter platforms in China.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KuCoin barred Chinese citizens from registering on its platform. The company will stop serving existing customers from this country by December 31. KuCoin said the move was necessary to comply with regulatory requirements. &#8220;Since its inception in 2017 we have always complied with the laws of various countries. On September 24, 2021 KuCoin reacted to the latest statements by the Chinese government and began reviewing its business processes for regulatory compliance.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":50589,"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":[1305,133,1624,1411,36],"class_list":["post-50588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-ban","tag-china","tag-gate-io","tag-kucoin","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50588","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=50588"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50588\/revisions"}],"predecessor-version":[{"id":50590,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50588\/revisions\/50590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50589"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}