https://www.theblockcrypto.com/tiny/wechat-bans-crypto-transactions-in-its-payment-channels/
Did everyone hear about the recent statement released from WeChat regarding the ban of all crypto transactions? This would make sense seeing that it is a Chinese company and China has been pushing hard to regulate crypto.
What does this mean for crypto and WeChat? Will we see decentralized apps like Elixxir take its place?
Did everyone hear about the recent statement released from WeChat regarding the ban of all crypto transactions? This would make sense seeing that it is a Chinese company and China has been pushing hard to regulate crypto.
What does this mean for crypto and WeChat? Will we see decentralized apps like Elixxir take its place?
This can be expected since the Chinese government seems to be dead serious in flushing out the use of any cryptocurrency within the boundary and influence of its power. Firms basing within China have no choice but to bow their heads to the government's wielding influence as going against can mean going to the cemetery. Now, will this have any direct on the market? So far there is no such thing but we don't know the long-term effect unless there can be a replacement on the horizon. Anyway, I am confident that even if we totally lost the Chinese market, cryptocurrency is here to stay and can even boom better and stronger.
