The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to a report from Reuters on the 24th, as the Financial Stability and Development Commission of the State Council of China emphasized on the 21st that it would crack down on Bitcoin mining and trading, Huobi Mall (Huobi)
Mining machine operators such as Mall and Lebit Mining Pool (BTC.TOP) have decided to suspend mining operations in China.

And with the release of this news and the continued decline of Bitcoin last weekend, blockchain concept stocks listed on the Hong Kong Exchange (HKEX) plummeted today.

Trading
View data shows that Bitcoin (BTC) fell from a high of $38,704 to $32,819 yesterday, a single-day drop of 15.2%. It hit a low of $31,230 today, a drop of 19.3% in 24 hours.

In the Hong Kong stock market, Huobi Technology (1611) fell from HK$17.86 to HK$14.52, falling more than 18.7% today to close at HK$14.66; OKCoin Exchange parent group Ouke Cloud Chain (1499) fell from HK$0.41 to HK$0.365. It fell more than 10.9% today and closed at HK$0.37.

Blockchain technology data processing equipment supplier Xiong'an Technology (1647) fell from HK$0.3 to HK$0.27, down 10% today, closing at HK$0.275; while graphics card manufacturer PCon Group (1263) also fell from HK$3.73 to HK$0.27. 3.53 Hong Kong dollars, down more than 5.3% today, closing at 3.58 Hong Kong dollars.

**Many exchanges and miners have suspended some services**

It was reported earlier today that in response to China’s ban, crypto exchange giant Huobi announced that new users in some specific countries and regions would temporarily be unable to use some services such as futures contracts, ETPs (exchange-traded products) or other leveraged investment products; and Stop the sale of mining machines and derivative services in China. Large exchanges will also suspend Chinese users from trading their platform currency OKB.

"Reuters" reported today that it quoted Jiang Zhuoer, the founder of Lebit Mining Pool, who posted on Weibo. He wrote: "The joint mining business will no longer be open to mainland China. In the future, mines will be deployed mainly in North America. "

However, Jiang Zhuoer pointed out that based on the context of the State Council Financial Committee meeting, the main purpose is to prevent and control financial risks, that is, to prevent financial and social capital from getting involved in mining, which will lead to individual risks extending to the social field. This may mean that the authorities will allow individuals to Mining, profits and losses are at your own risk.

“In the long term, if China’s regulations oppose mining, then Chinese mining machine manufacturers will basically sell their mining machines abroad. Selling domestically = violating regulations, selling abroad = earning foreign exchange through exports, everyone will sell abroad, and eventually China’s computing power will flow to Abroad. After the transactions are de-Chinese, the computing power is de-Chinese.”

In addition, "Reuters" mentioned that HASHCOW, which has mining farms in Sichuan, Xinjiang and other places, also issued a customer statement that it will suspend the purchase of new orders for Bitcoin mining machines. Those who have placed orders but have not yet delivered can purchase them at Request a full refund anytime before delivery.