Huobi

Stringent regulatory requirements and an inability to serve mainland investors is pushing global cryptocurrency exchanges out of Hong Kong, with several major firms having withdrawn their licence applications a year after scrambling to…

According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s…