KuCoin Tells Users in China to Move Funds to ‘Other Platforms’ Before December

Late last month, Chinese authorities ordered a fresh crackdown on crypto mining and outlawed virtually all crypto trading activities in what some defined as its toughest measures against crypto in years. During that time the market experienced a modest sell-off as bitcoin fell roughly 4.5% on the news, from around $45,159 to $40,693 before clawing back some losses and closing out the daily trading period at $42,848.