Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.
As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China
Beginning on Tuesday, August 21, 2018, WeChat began implementing a sudden shutdown of no fewer than eight accounts linked to bitcoin and crypto news organizations.
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