Global Exchange- The cryptocurrency exchange, Houbi, announced that it will freeze all US user accounts from 13 November 2019 onwards. Houbi Global to Freeze US User Accounts on 13 November 2019.
The company stated that:
“In line with the laws and regulations of the United States with respect to crypto-assets, our User Agreement expressly prohibits users in the United States from using our platform.”
The company gradually deactivated U.S. customer accounts to avoid further trading or transfers to be compatible with rules and regulations.
The exchange further informed customers to:
“Kindly approach customer support for assistance to convert all residual assets below the minimum withdrawal amount and unused Point Cards, to BTC/USDT (conversion base token) before withdrawing.”
The crypto exchange clarified that it will refund according to the customer’s original purchase price and tokens used.
Customers can convert the USDT, BTC, LTC, BCH, ETH, and ETC used to purchase the Point Card into BTC/USDT for a refund.
Up until the specified date, the company will refund Bitcoin and Tether to accounts, and requested its customers to return borrowed funds in margin trading and withdraw any remaining cryptocurrencies from their accounts.
Houbi also redirected its customers to its new U.S strategic partner, Huobi US, which is a digital currency trading platform operated by HBUS Holdco Inc- Global X change.
Huobi Global announced in October that at the end of 2019, it will release a fiat gateway for the Turkish lira. By trading in Huobi’s native Token (HT), Turkish users can further reduce transaction fees.
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