Just-In: Bybit will close all Chinese cell phone accounts until June 15

Bybit, a popular Chinese-based crypto derivatives exchange, announced in the June 15 government that it will close all accounts registered with a Chinese phone number. Bybit derivatives exchange has taken the toughest measures: On June 15, it will close the accounts of all registered users of Chinese mobile numbers. Bybit banned Chinese intellectual property in 2020. It was founded in Shanghai by the Chinese team. pic.twitter.com/JYnqXQ2bAN – Wu Blockchain (@WuBlockchain) May 25, 2021 The action taken by the derivatives exchange seems to be the most serious of many other exchanges stopping their services to Chinese customers or expecting more clarity. from the authorities. China had banned cryptocurrency trading and exchanges until 2017, but despite stricter regulations, crypto investments have exploded, especially during this bullish season. The development of the digital yuan, the national CBDC, was seen as a move to take full control of the cash flow of the country that decentralized crypto assets do not provide. The Just-In: Bybit post first appeared in Coingape to close all Chinese cell phone accounts by June 15th.

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