Huobi Suspends Crypto Services in Singapore

Crypto Exchange giant, Huobi has announced yet another closure. This time around Houbi revealed that it will be suspending its crypto services in Singapore in lieu of increasing regulatory oversight. According to the exchange platform, the company has added Singapore to its “restricted jurisdiction” list to further comply with the country’s laws around digital assets. The phased shutdown of Huobi in Singapore will be completed by the end of March next year. The company has suggested its Singapore customers, to begin liquidating and closing their accounts before March 31, 2022.