Bybit, one of the world's top three cryptocurrency exchanges in terms of volume, 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, enjoying 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 said it hopes 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, Bitcoin mining, which was once extremely popular, is also banned in the country. Before the ban, China was the world's largest crypto mining center.
*This is not investment advice.
