Huobi Global to freeze US accounts by mid-November

Tuesday 5 November 2019 13:20 CET | News

The cryptocurrency exchange Huobi Global has announced it would freeze all US accounts on 13 November, as a compliance step to conform to US laws and regulations.

As a measure, Huobi is recommending that customers transfer their assets to HBUS, the US company affiliated with the global brand. The crypto exchange argued that all outstanding balances must be withdrawn by the mentioned date, and offered to assist users holding amounts below the withdrawal minimum via customer support.

Moreover, customers can receive their funds in Bitcoin or USDT, with the company also pledging to refund points card purchases at a 1:1 ratio in USDT.

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Keywords: Huobi Global, US, accounts, USDT, Bitcoin, digital assets, crypto exchange, cryptocurrency
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies