Tag: wechat

Apr 07 2022

China’s Biggest Social Network WeChat Taps Digital Yuan for Payments

Apr 07 2022 Published at Ethereum World News under tags  cbdc china news nfts payment

WeChat adopts China's Digital Yuan as a payment method for its over 1 billion monthly users.

Mar 31 2022

WeChat Bans Multiple Accounts Associated With NFTs Trading

Tencent Holdings' WeChat has suspended various accounts that promote digital collectibles, a term that is commonly used in China to refer to non-fungible tokens (NFTs) that cannot be purchased or traded using cryptocurrencies. WeChat — China's biggest and most popular social media platform with a user base of over 1.2 billion — said that the primary reason for the account ban was bitcoin...

Resale is Banned Says Chinese Social Network WeChat After Banning NFT Accounts

Mar 31 2022 Published at Ethereum World News under tags  ban china news nft nfts

The crackdown on crypto continues in China as popular social media platform WeChat banned a number of user accounts linked with NFT promotion WeChat said it suspended the accounts after receiving reports from other users The platform maintained that it does not support the resale of digital collectibles Local news house South China Morning Post reported that WeChat, a social app owned by...

Mar 30 2022

Breaking: WeChat Blocks NFT Accounts

Mar 30 2022 Published at Coingape under tags  news nft wechat

Tencent’s WeChat which has over 1.2 billion users began to block NFT accounts in large numbers. As per reports, this move has come in accordance with the Chinese government's regulations. WeChat made its decision to prohibit the accounts in...

Mar 23 2022

Chinese Social Giant WeChat Remove NFTs Due To Regulatory Issues

Mar 23 2022 Published at Bitcoinist.com under tags  alibaba china cryptocurrencies nft wechat

China remains one of the jurisdictions that has recently meted out stringent measures and cryptocurrencies and NFTs. The Chinese authorities leased out a high level of restriction and crackdown on crypto mining in 2021. The major attack was pushed on Bitcoin mining because of its high electricity consumption associated with the process. Also, the country was concerned with the increased environmental pollution that...

Jan 06 2022

Breaking: China’s largest messaging and payment app WeChat to integrate Digital Yuan

Jan 06 2022 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

WeChat, China's largest social messaging and payment app that boasts of over a billion users is all set to integrate the digital yuan payment option on its platform. In...

Apr 26 2021

Are China’s Banks Using the CDBC to Wrest Data Control from AliPay & WeChat?

6 of China's largest banks are promiting the use of the e-CNY in an online shopping festival on May 6th.

Mar 26 2021

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

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