Cryptocurrency exchange Huobi has suspended bitcoin mining services and sales of mining equipment in mainland China, becoming one of the first Chinese-founded platforms to do so, as the price of bitcoin continues to fall after the central government announced a crackdown.
“In order to be more focused on the expansion of our overseas presence, we will currently suspend provision of related services for new users in mainland China. For existing users, updated information and details will be announced shortly,” a spokeswoman at Huobi said in a statement to the South China Morning Post on Monday.