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Bybit Promotes Registration for Overseas Chinese Nationals

Jun 7, 2024

Bybit has initiated the process of registering and verifying Chinese nationals living abroad, catering to a vast pool of potential users estimated over ten million. Users have recently confirmed that as of June 6th, Bybit allows overseas Chinese nationals to register using their Chinese national ID. However, trading cryptocurrencies based in China is currently restricted under Bybit regulations. By providing registration access to Chinese nationals overseas, Bybit aims to attract a global audience interested in cryptocurrencies. The decision to permit registration for Chinese nationals abroad highlights Bybit's proactive compliance approach and commitment to regulatory standards. By implementing tailored registration processes for specific user demographics, Bybit demonstrates its dedication to operating within legal frameworks and fostering user trust. Additionally, Bybit is offering users a promotional opportunity until June 30th, 2024, 11:59 PM UTC, with zero fees on EUR Spot trading pairs and deposits. This promotion aims to reduce transaction costs for traders engaging in EUR Spot trading activities, encouraging participation on the platform. Bybit's fee waivers on deposits and EUR Spot trading pairs are designed to incentivize trading and enhance user experience. It is important to note that the information shared by Altcoin Buzz is for educational and informational purposes and should not be regarded as financial advice. Altcoin Buzz and its writers do not take responsibility for any investment losses resulting from decisions made based on the content. Investors in cryptocurrencies are advised to conduct thorough research and assessment of risks involved.

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