• Bybit suddenly opened registration and authentication for users in China.
• Crypto analysts observed the continued use of crypto in China despite an ongoing ban.
• Chinese administrative laws do not completely prohibit virtual currency transactions.

Bybit, a leading centralized cryptocurrency exchange, has unexpectedly opened registration and authentication for users in mainland China.

Prominent Chinese blockchain reporter Colin Wu shared a screenshot on X showing that Bybit’s verification process now allows users from China. Wu noted that Bybit had previously prohibited the registration of all Chinese users due to the ongoing ban, and the platform’s management implemented this restriction cautiously.

However, Wu pointed out that Bybit has not yet removed the disclaimer on its certification page warning Chinese users against usin…

The post Did China Backtrack on Crypto Ban? Bybit Now Accepting Chinese Users appeared first on Coin Edition.

• Bybit suddenly opened registration and authentication for users in China.
• Crypto analysts observed the continued use of crypto in China despite an ongoing ban.
• Chinese administrative laws do not completely prohibit virtual currency transactions.

Bybit, a leading centralized cryptocurrency exchange, has unexpectedly opened registration and authentication for users in mainland China.

Prominent Chinese blockchain reporter Colin Wu shared a screenshot on X showing that Bybit’s verification process now allows users from China. Wu noted that Bybit had previously prohibited the registration of all Chinese users due to the ongoing ban, and the platform’s management implemented this restriction cautiously.

However, Wu pointed out that Bybit has not yet removed the disclaimer on its certification page warning Chinese users against usin…

The post Did China Backtrack on Crypto Ban? Bybit Now Accepting Chinese Users appeared first on Coin Edition.