More Crypto Platforms Are Exiting China as the Ban Ensues By CoinQuora

More Crypto Platforms Are Exiting China as the Ban Ensues

CryptocurrencySep 28, 2021 11:30AM ET

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More Crypto Platforms Are Exiting China as the Ban Ensues

As the ban ensues, three more crypto platforms exit China.
These exchanges are BitMart, Feixiaohao, and Biki.

When China declared that crypto is illegal — that it is “not protected by law”, the world was surprised. Because of this, crypto platforms gradually pulled out and relocated their operations to other countries.

According to reports, more platforms have ceased their operations in China and some are planning to stop as soon as possible. These platforms are BitMart, Feixiaohao, and Biki. Even Alibaba (NYSE:BABA) International announced a ban “on the sale of all cryptocurrency mining machines” as seen in its Twitter (NYSE:TWTR) account:

Under Chinese regulatory pressure, Alibaba International Station announced a ban on the sale of all cryptocurrency mining machines. pic.twitter.com/rW1iySx4LX
— Wu Blockchain (@WuBlo...

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More Crypto Platforms Are Exiting China as the Ban Ensues

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