Good news from Huobi.com about my Bitcoin account

Good news from Huobi.com about my Bitcoin account
JISHOU, HUNAN — The Bitcoin winter in China may be thawing finally. I can use my bank card at the Huobi.com Bitcoin exchange once again. As I related earlier, the new national regulations concerning Bitcoin exchanges seemed to have shut me, and other foreigners, out of the exchanges indefinitely. BTCChina told me flat out that foreigners would not be allowed to trade with them anymore. Huobi did allow me to re-register with my name exactly as it is listed on my passport, but I could not bind my Chinese debit card to the account because I had no Chinese ID number. That ended Monday, when I got a call from Huobi saying I could again use my Chinese Unionpay card. Huobi’s system now accepts my US passport number as a proper form of ID to be linked with the card. I also had to do a “video verification” by participating in a video call on the QQ messaging client with a Huobi agent. She asked me a few questions, like my name, the source of the funds I would be using, and my reasons for trading in Bitcoin. I also had to show her my passport and my debit card. ...

Update to the update to the Bitcoin saga

Update to the update to the Bitcoin saga
JISHOU, HUNAN — So, I got a reply from BTCChina today to my inquiry about continued use of their services. You can guess what it was. But here it is from the horse’s mouth. Good day! Our sincere apologies for this matter. BTCChina will no longer allow foreigners to use our services. You cannot use BTCChina from now on. Should you have further concerns, please do not hesitate to let us know anytime. Thank you very much and have a nice day! Best Regards, Customer Service 1011 This reply has two explanations. Given that both Huobi and BTCChina had no problem before with my using their exchanges with a foreign passport as ID, this new policy confirms that the government is trying to restrict the flow of Chinese yuan out of the country, other than by official channels, and that government regulators want the Chinese Bitcoin exchanges to only deal with Chinese citizens, who would be easier to control legally (or extra-legally) than foreign residents. While I have not heard back from Huobi about my bank card + passport issue, I can now assume that they will tell me the same thing as BTCChina — that Huobi can no longer ...
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