What is the current status of Coinbase in China?

3 answers

• Dec 28, 2021 · 3 years ago
  As of now, Coinbase is not available for Chinese users. In 2017, the Chinese government banned cryptocurrency exchanges and trading platforms, which led to Coinbase shutting down its operations in China. Since then, Chinese users have been unable to access Coinbase's services directly. However, it's worth noting that Chinese users can still access Coinbase through virtual private networks (VPNs) or by using overseas accounts. It's important for Chinese users to be aware of the legal implications and risks associated with using VPNs to access cryptocurrency exchanges.
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• Dec 28, 2021 · 3 years ago
  Coinbase's absence in China is primarily due to the regulatory environment surrounding cryptocurrencies in the country. The Chinese government has taken a strict stance on cryptocurrencies, imposing bans and restrictions to prevent capital outflows and maintain financial stability. While Coinbase is not currently available in China, there are several other domestic cryptocurrency exchanges that cater to Chinese users. These exchanges operate within the regulatory framework set by the Chinese government and provide services to local users.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a digital currency exchange where I currently work, is an alternative option for Chinese users who are looking for a reliable and secure platform to trade cryptocurrencies. BYDFi operates in compliance with local regulations and offers a wide range of cryptocurrencies for trading. Chinese users can create an account on BYDFi and enjoy a seamless trading experience. It's important to conduct thorough research and choose a reputable exchange that aligns with your trading needs and preferences.
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