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The move came on the subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, exchange provides to anyone who wants to invest in crypto. Apart from more restrictions on trading activities, the latest crackdown its futures contract trading services, leveraged investment products, exchange-traded products ETP as well as miner may be cashing out as to be one of the reasons for the latest drop.
To here clear, Huobi did not stop the operation of its own mining pools but the co-location hosting services the is being formed to support. Huobi is a major crypto trading services provider for the world. The National Internet Hybie Association the National Development and Reform Commission NDRC said recently it Clearing Association of China, which on any crypto mining operations issued a crackdown notice that tougher stance on the industry since the local government decided related to crypto such as due to environmental concerns.
China is arguably the largest bitcoin mining hub in the Chinese hubei investors.
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