Facebook may be looking to replicate a major feature from one of China's top apps

Facebook is reportedly pushing into payments on WhatsApp, a move analysts said is aimed at replicating the success of WeChat in China. Tencent-owned WeChat is China’s most popular messaging app and has a mobile payments feature known as WeChat Pay. Analysts said the difference between China and other markets for payments could make it difficult…

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Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why

This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users,…

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Cryptocurrency Events Banned at Beijing Central District Hotels, Malls

A central district in Beijing has ordered all hotels, shopping malls and offices not to host cryptocurrency events. The central district of Chaoyang in China’s capital Beijing has issued a notice telling hotels, shopping malls, and office buildings in the area to refrain from hosting cryptocurrency events, South China Morning Post confirmed. The daily quoted…

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WeChat Tests Blockchain Technology for Company Reimbursements

China’s popular payment and communication platform WeChat aims to ease employee reimbursements with blockchain. Tencent, the major tech company behind WeChat, is looking at blockchain technology in order to ease company reimbursements. According to a recent blog post, the first transaction to bypass the multiple manual verification steps was completed in a Shenzhen restaurant. “Today,…

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China blocks foreign crypto exchanges’ social media accounts

The cryptocurrency sector in China continues to come under severe pressure as the strength of government regulation bears hard on investors and users in the world’s most populous country. And yet, despite all its previous efforts to prevent the people it rules from engaging in the online trading of cryptocurrencies, the Chinese government is taking…

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Chinese Internet Regulators Block Cryptocurrency Exchanges on Social Media

Despite all its previous efforts to prevent the people it rules from engaging in the online trading of cryptocurrencies, the Chinese government is taking further action to deter the practice. According to reports, local internet users can still access the Chinese social media accounts of former-mainland exchanges abroad and regulators have now acted to prevent…

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