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by seri4l 398 days ago
>This problem is solved in China

It isn't. China is the best example that draconian identity verification / KYC processes don't stop scammers.

1 comments

could you explain more? im always under impression that chinese scam/fraud are rare. what keywords should i search for?
Most scams in China are a mix of romance and investment scams.

Since WeChat allows accounts created outside of China, it's these accounts that are used. And it's why there are times it's a pain to create a WeChat account outside of China.

The financial transactions all take place outside of WeChat.