MEXC Global, previously known as MXC Global, is one of the most prominent altcoin exchanges within the Chinese region. It announced that it would be closing down Chinese accounts at the end of December 2021.
MEXC Global, one of China’s most prominent altcoins exchanges announced in a Twitter thread that it would be closing down Chinese accounts. This is due to partnerships the exchange had made with multiple international investment funds to expand its global operations.
Under the direction of the newly established united board, the adjustments to corporate governance are being made. The new diversified leadership team is being adopted. After retiring from Mainland China user accounts, the old team will slowly exit. The announcement is available here.
Meanwhile, the exchange revealed the MX Token 2.0 program launch intended to “take a further step in blockchain ecosystem development and talents acquisition.”The news doesn’t come much as a surprise to those following the crypto-related events in China.While the country is taking a pro-blockchain approach, its attitude towards cryptocurrencies has been nothing short of prohibitive.CryptoPotato recently reported that the country’s Communist Party expelled a top official for supporting crypto mining companies.
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