According to Chinese media reports, over 18 platforms that provide crypto asset transaction-related services have withdrawn their services to Chinese residents.
Cryptocurrency exchange BitMart announced on the 28th that it will suspend user accounts in mainland China by November 30 to ‘safeguard user assets’ in compliance with Chinese regulations.
Feixiaohao, a trading information platform, also announced on the same day that it will stop offering all related services in China.
Cryptocurrency exchange Biki said it will stop accepting all deposits on the 28th, allowing users to only withdraw from their platform.
All operations in China will be suspended by November 30th and exchange tokens will be repurchased until October 31st.
In addition, major crypto exchange Huobi Global said on Sunday that it will suspend all accounts of residents residing in mainland China.