Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan
Bybit, a cryptocurrency exchange with Chinese roots that is now one of the world’s largest by trading volume, said mainland Chinese users are free to trade on the platform if connected through a virtual private network (VPN), but it will not allow trading in yuan.
Bybit announced earlier this year that mainland Chinese citizens would be allowed to trade on its platform overseas because so many users urged it to do so, and because the company felt that the risks were “acceptable”, co-founder and CEO Ben Zhou said in a media briefing on Tuesday. However, the platform does not intend to accept China’s currency.
“What the Chinese government dislikes the most about crypto is that it can facilitate capital outflow,” Zhou said. “So…
