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WeChat Banning Crypto Trading is Not a Bad Thing: Binance CEO

Chinese messaging giant WeChat has banned users from conducting cryptocurrency-related activities. But that could be bullish for the industry, at least according to Changpeng “CZ” Zhao.The Binance CEO said WeChat’s decision to ax crypto-based OTC trading activities was “a classic example of short-term pain, long-term gain,” adding that censorship will eventually attract

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WeChat Updates Policy Statement: Bans Bitcoin Transactions

News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not

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Chinese Social Media Giant WeChat Bans Crypto Transactions in Its Payment Policy

Chinese social media giant and payment service provider WeChat banned cryptocurrency transactions in its payments policy. Dovey Wan, founding partner of crypto investment firm Primitive, tweeted the news on May 7.The tweet contained a screenshot of the policy changes, which intimates that users who engage in cryptocurrency trading will

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Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25.Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their

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