As part of an ongoing country-wide crackdown, China’s two largest technology companies, Tencent (TCEHY) and Alibaba (BABA), have reportedly banned cryptocurrency transactions on WeChat Pay and Ant Financial’s Alipay, respectively. According to a report by Chinese tech media outlet tech.qq, Tencent has taken immediate steps to limit the ability of WeChat users to conduct virtual currency transactions, including real-time monitoring […]
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