Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past.
Crypto exchanges have been outlawed in mainland China since 2017, while digital assets like Bitcoin were banned in 2021. However, mainland China residents are eager to participate in the global financial revolution by all means. According to a report by media outlet CNBC, some Binance employees have been showing mainland China residents how to circumnavigate the company’s Know Your Customer (KYC) feature.
Reportedly, Mainland China residents have been shown how to forge bank documents and provide false proof of physical addresses. Binance employees and Angels have, ostensibly, informed Mainland China residents about activating