Post by: newshunter on July 04, 2021, 07:01:01 AM
The exchange's decision aligns squarely with Beijing's ongoing and multi-pronged crackdown on the country's cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector.
Source: Huobi imposes 24 hr crypto withdrawal delay to dampen speculation (https://cointelegraph.com/news/huobi-imposes-24-hr-crypto-withdrawal-delay-to-dampen-speculation)
Would appreciate your opinion about this
Post by: TomPluz on July 04, 2021, 11:14:55 AM
Houbi can slowly be digging its own grave and it really has no choice but to bow down to regulatory pressures. And I am sure this can also be true with other big exchanges. Soon I am expected that there will be clearer clarity when governments can be releasing the details when it comes to regulations of this industry. Hopefully, the whole industry can be able to get away from this big challenge which is coming from those in the governments.