WeChat Plans to Stop Merchants From Transacting in Cryptocurrencies

  1. Limit the collection limitation of the illegal stage accounts and prohibit it from cryptocurrency transactions on WeChat.
  2. Restrict the amount of individual vendors’ accounts, just allowing daily use of social activities. Trades associated with cryptocurrency’s collection is restricted. Currently, all cryptocurrency transactions under merchant titles have been resolved.
  3. Conduct real-time tracking of daily transactions and risk severity evaluation of transactions based on monitoring results. This could result in taking direct interception measures for illegal transactions.

This article was originally written by Vincent He for 8btc.