Mainland China's iron-fisted approach remains unchanged, and Hong Kong brokerages have no choice but to bow. Just saw a major announcement from Hong Kong brokerage Victory Securities: Virtual asset trading by mainland Chinese IP users is completely restricted! The reason hits the nail on the head—compliance with mainland bans: Mainland China prohibits all virtual currency trading. Brokerages must block mainland IPs to prevent providing channels for illegal activities. Want to engage in compliant encryption? We recommend using an overseas IP (don't ask how, you know what I mean).
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