The world’s top three in terms of volume cryptocurrency Bybit, one of the exchanges, officially announced that Chinese immigrants can now open accounts and trade digital assets using its platform.
Bybit recently opened cryptocurrency membership registrations from China, leading to speculation that China is turning to cryptocurrencies. Now it has become clear that this is not actually the case.
“Overseas Chinese users will now be able to register and open accounts on the Bybit platform and enjoy the same benefits as our existing user base,” Bybit said in a statement. said. The company added that it is committed to adhering to all applicable regulations in the markets in which it operates. The company also expressed hope to operate in Hong Kong, the United Arab Emirates and the European Union.
As it is known, crypto activities are banned in China and even a Chinese student who launched crypto money was arrested today.
In addition, once extremely popular in the country Bitcoin Mining is also prohibited. Before the ban, China was the largest crypto mining center in the world.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!