Can domestic users register for the Binance exchange APP? Is it true?

No. Binance exchange has stopped providing services to users in mainland China, and domestic users cannot register or trade cryptocurrencies through the Binance APP. The reason is: In September 2021, Chinese regulatory authorities issued a notice prohibiting any legal person from engaging in virtual currency trading-related business in China.

Can domestic users of Binance Exchange register?

Answer: No

Details:

Currently, Binance Exchange has not been licensed or regulated in China. According to relevant laws and regulations, domestic users cannot register and trade cryptocurrencies directly through the Binance Exchange APP.

Reason:

In September 2021, ten ministries and commissions including the People's Bank of China jointly issued a notice on further preventing and dealing with the risks of speculation in virtual currency transactions, clearly banning the virtual currency exchange business and prohibiting any legal person from operating in China. Engaged in virtual currency trading related businesses.

Since then, Binance exchange announced that it would stop providing services to users in mainland China and blocked Chinese IP addresses. Therefore, domestic users cannot register or trade through the Binance Exchange APP.

Tips:

If domestic users need to invest in cryptocurrency, they can trade by holding a digital currency wallet or using a compliant Chinese trading platform. However, it should be noted that cryptocurrency investment involves high risks and requires caution.

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