Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan

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The story "Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan" was covered 17 hours ago by SCMP, a news publisher based in Hong Kong.

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Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan - SCMP

Quick Summary:

Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.

Bybit, which was founded in 2018 with a focus on derivative products, is among the major crypto exchanges that was started by a mainland Chinese team but later exited the market during Beijing’s industry crackdown.

Still, Bybit has not seen a lot of new users from mainland China, according to Zhou, who said the company expected this given its restrictions on accepting yuan.