Ripple allocates 100 million XRP and continuously sends tokens to the Huobi exchange

The source: Bithomp

Before September 27, the daily amount of XRP sent to Huobi was 3,099,200 tokens. Earlier this year, Ripple repeatedly sent large amounts of XRP to Huobi, but the blockchain giant has never clarified the purpose of those transfers.

Previously, the two largest cryptocurrency exchanges in the world, Binance and Huobi – as well as other exchanges in China – were under heavy regulatory pressure from the country’s government. First, Huobi has suspended registration for new users from mainland China and plans to gradually ban it. Binance has also banned new users from opening accounts and is about to stop offering services to customers in Singapore due to regulatory pressure.

The reason, as Elon Musk revealed, could be that Bitcoin and other cryptocurrencies are threatening the power of the Chinese Communist Party. Meanwhile, famous investor and author of the book “Rich Dad, Poor Dad” Robert Kiyosaki believes China imposed the ban simply because it is about to launch its own CBDC, also known as DC / EP.

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