CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.<\/p>\n
The company officially announced\u00a0on Thursday that it was going to completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China.<\/p>\n
The exchange has asked mainland China-based users to withdraw their crypto assets from the platform before Oct. 31, 2021. CoinEx then plans to disable accounts with zero assets starting from Thursday, Sept. 30. \u201cAll access will no longer be available to your accounts,\u201d the exchange stated.<\/p>\n
Despite CoinEx\u2019s aggressive measures to take down users from mainland China, the exchange will still allow users to withdraw assets after Oct. 31. After the deadline, the \u201conly service available for these accounts will be withdrawal, that is, functions such as deposit and trading will be closed and only the withdrawal service is supported,\u201d CoinEx explained.<\/p>\n
CoinEx also noted it had previously blocked access and terminated the registration of new users from mainland China in March 2019, urging them to complete withdrawals as soon as possible. \u201cTo further comply with local laws and regulations of the Chinese government, we will completely retire users in mainland China,\u201d the firm said.<\/p>\n
The exchange did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n