BTC China now Requires ID Verification from All Users Upon Logging In
In response to the recent People's Bank of China [PBOC] statement, BTC China has started requiring ID verification for all of its users. Upon logging in, you will be prompted for a Chinese ID and if you are an international customer, your passport number will be required instead. While Reddit users have reported that any random combination of numbers with the correct length for your corresponding country's passport number will suffice, it is incredibly likely that these numbers and the rest of your given information will be passed onto the Chinese government at some point, so act....
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Users of the world's largest bitcoin exchange, BTC China, claim the site now requires them to provide some form of identification to create or use a trading account. Logging into BTC China produces the following message: "In response to a recent policy shift, BTC China now requires users to submit identification or a passport number. Existing users will need to provide this information upon login. We apologise for any inconvenience." Despite the ID requirement, there does not seem to be an ID verification process for users outside China. Some users posted on reddit that they were able to....
Popular bitcoin exchange BTC China (which by surprise happens to be the world's largest BTC exchange) is now requiring users to prove their identity when creating or utilizing a trading account, according to CoinDesk. The message provided to users upon logging in: "In response to a recent policy shift, BTC China now requires users to submit identification or a passport number. Existing users will need to provide this information upon login. We apologise for any inconvenience." Users outside of China are seemingly not affected by the policy change. Some who submitted passport numbers are....
The bitcoin exchange now requires all users to upload an ID, a selfie, and undergo facial verification, dismissing possible downsides.
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BTC China is set to reduce the trading fees across its digital currency exchange to 0% and it has today added the option for users to trade bitcoin for litecoin and vice versa. At the beginning of the month, BTC China added litecoin support, enabling users to buy the popular altcoin using local currency CNY with 0% trading fees. CNY-BTC trades on the site currently come with a 0.1% fee, but from 21st March, this will be removed. A statement from the company reads: "In order to standardize the three trading methods, we have decided to waive the BTC/CNY trading commission fee from March 21,....