BitVPN allows its users to go around geo-restrictions and firewalls.Ĭreate An Account And Continue Your Crypto JourneyĬreating an International Exchange Account using Dingtone and BitVPN can be done in three simple steps:īitVPN is a decentralized VPN that runs on the TOP Network, guaranteeing absolute security and anonymity and security to the user. This allows users to have phone numbers originating from different countries without registering their ID.īitVPN is among the first decentralized VPN applications that have been developed entirely on the TOP chain. Dingtone enables users to register international accounts, with users able to link up to 20 phone numbers with a single Dingtone account. Both products are partners of the TOP Network, with BitVPN completing its migration to the TOP chain in November.
Prior to this, China outlawed crypto-transactions, leading to crypto exchanges suspending the creation of new accounts using Chinese-based phone numbers.Ī feasible and effective solution to the current regulatory headaches faced by users is BitVPN and Dingtone. To comply with the regulatory concerns of the Monetary Authority of Singapore, Huobi and Binance have restricted services to clients based in Singapore, with users prohibited from purchasing or trading cryptocurrencies on both platforms. As a result of these unfavorable policies, the world’s top cryptocurrency exchanges are forced to restrict or disallow users from these countries to register their account on the exchange, or in some cases, block access to an existing account on the exchange.Ī more recent example is Singapore, where Binance and Huobi have prohibited Singaporeans from using their exchanges due to strict regulatory policies in the country.
Several regulatory policies have become significant hurdles for investors in certain countries.
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