OTC Cryptocurrency Traders in Trouble as Alipay Starts Monitoring Crypto-linked Payments in China

OTC Cryptocurrency Traders in Trouble as Alipay Starts Monitoring Crypto-linked Payments in China

According to a Beijing News report on August 24, 2018, regulators have pledged to start scrutinizing and restricting all virtual currency-related payments on the Alipay mobile app. Even with the blanket ban on cryptocurrency trading and initial coin offerings (ICOs), Chinese investors still engage in over-the-counter bitcoin trading facilitated by payments apps such as Alipay and others. Alipay Ban Cryptocurrency…

The post OTC Cryptocurrency Traders in Trouble as Alipay Starts Monitoring Crypto-linked Payments in China appeared first on BTCMANAGER.

Source: BTC Manager