Why did Huobi file ‘resolution to dissolve’ its entity in China

The stringent crackdown on cryptocurrency businesses and mining in China has led the prominent cryptocurrency exchange, Huobi to shut down its subsidiary functioning in the country. According to the publicly available records, Huobi submitted a ‘Resolution to dissolve’ Beijing Huobi Tianxia Network Technology Co., Ltd. The notice read: “On July 22, 2021, Beijing Huobi Tianxia […]