Cryptocurrencies: 2351 / Markets: 19449 Market Cap: 24h Vol:
CryptoGlobe
2019-05-07 13:00:00

WeChat Bans Crypto-Related Activity, Due to Chinese Government Pressure

The management at WeChat, a widely-used social media platform in China, has reportedly announced that it will terminate user accounts that are involved in cryptocurrency trading. According to sources familiar with the matter, WeChat’s management has made revisions to its payment policy. The updated policy mentions that "merchants may not engage in illegal transactions such as [those involving] virtual currencies." WeChat’s notice also states that companies or individuals trying to promote or conduct crypto token sales will have their accounts suspended. WeChat users are also prohibited from uploading and exchanging pornographic images.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer