Binance to Close OTC Trading Access for Chinese Users
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Starting on December 31, crypto exchange Binance will remove the Chinese yuan from its list of over-the-counter (OTC) markets and close access to OTC trading for users in mainland China. The company's press release states:

"If the platform finds out mainland China users, Binance will restrict such accounts to the withdrawal-only mode. Users will only be able to withdraw assets, cancel orders, redeem or close positions."

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Binance left the country in 2017 and since that time has not offered stock trading in the local market.

Crypto exchange Huobi has previously made similar statements. In their case, Chinese users' accounts will be completely closed before the end of the year.

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