Following the recent crypto crackdown announcement by the Chinese government, major crypto exchanges, including Huobi and Binance, started cutting ties with Chinese users.

Huobi now is not allowing users in China sign up to its platform, announcing that it will gradually retire users in China to comply with new regulations.

Another major crypto exchange, Binance reported that it is now blocking account registrations for users with Chinese mobile phone numbers and removing its app from app stores in China.