Coinbase changed its kyc flow on july 14 so mainland china users can now register with just a chinese national id and mainland address, no more chinese passport plus hong kong address requirement that locked most people out
but nothing legally changed. china’s 2021 ban on crypto trading and foreign exchanges is still fully in force, no RMB funding and no local trading. This looks like a quiet backend onboarding update, not a market re-entry
Still notable that the door cracked open at all for the world’s biggest online population
Sauce: https://x.com/WuBlockchain/status/2077041205800796355?s=20
submitted by /u/ocean_protocol [link] [comments]
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