Alipay prohibits cryptocurrency transactions
China declared war on the crypto industry back in 2017 when it introduced a ban on initial coin offerings (ICOs). The next victims of the Chinese authorities were the local cryptocurrencies and the companies that worked with them.
One of the largest payment systems Alipay will track transactions related to Bitcoin or other digital money. The company emphasized that they block all cryptocurrency operations, as they violate Chinese law. The message from the payment provider says that if any transactions related to the BTC and a number of altcoins are discovered, they will be immediately stopped.
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.” - wrote Alipay.
Meanwhile, the People's Bank of China (RVoC) has almost completed the development of its own digital currency. Many experts, such as Anthony Pompliano, founder of Morgan Creek Digital Assets, and Brad Garlinghouse, CEO of Ripple, note that China can become a leader in the global cryptocurrency market with all the consequences if it launches its stablecoin.
11 October, 2019 12:56
← News Brief: Bakkt strives to leave CME behind with bitcoin options
The operator of crypto trading platform Bakkt - Intercontinental Exchange – expressed intentions to launch additional products for the bitcoin market. According to The Block report, Bakkt is said to expand its list of the products with bitcoin-based options.
11 October, 2019 11:16
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One of the leading producers of crypto mining equipment Canaan Creative is rumoured to be listed on a stock exchange in the USA by the end of the year. The shares of the company can be listed in the USA in November. It was stated that Canaan is expected to issue 126 million shares in total to be closed by October 20.
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