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Huobi says "goodbye" to the Bitcoin industry amidst rumors that it is not over for China

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Chinese Bitcoin Exchange Huobi's domestic arm has bid farewell to the industry as it prepares to close Tuesday.

In a blog post, Huobi said that she would reinvent herself as "an integrated provider of information and research services in the vertical field of Blockchain (sic)" dedicated to the Chinese market .

Commenting on the closing, the founder Leon "I believe that it is not only a milestone for Huobi, but also a turning point in the history of Chinese digital assets and even a memorable day in the development. "

While hope remains that China's domestic traders will have new access to trade, the country's big names such as BTCChina, OKCoin and D & # 39; all others will disappear from November 1. 194590 03]

This week has seen rumors that Chinese investors may be able to use the international sister platforms of Huobi and OKCoin to The future when they will launch p2p Bitcoin-to-fiat trading.Information however only comes in the form of implication.Lie continued:

"In the past, the Huobi brand in China has been an important symbol being in the digital asset industry. In the future […] the Huobi team will continue to participate actively and globally in the development of the industry. "

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An interim measure has seen Chinese traders come back en masse on P2P platforms, mainly LocalBitcoins, whose use has swelled for the second time this year.

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<p dir= Li concluded by thanking users and reiterating the desire to take advantage of the benefits of China's regulatory repression:

"With your confidence and your talent, I believe all the challenges that Huobi faces today may be opportunities. "

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