wholesale western jewelry usa Why do Alipay and WeChat prohibit virtual currency transactions?

high fashion costume jewelry wholesale Cryptocurrencies are actually a super -mains currency, and its issuance avoids regulatory agencies such as central banks. However, the right to issue currency belongs to the country. The issuance of cryptocurrencies is challenging the sovereign currency of various countries. This is the legal competition issued by the currency issued by private enterprises in the legal currency issued by the country. China will not allow those who endanger national financial security. Stable factor.

. The national conditions of our country determine that companies that are related to the lifeblood of the country will be invested by the state. If Tencent and Alipay want to develop for a long time, it is necessary to follow the footsteps of the country. The country's rectification of virtual currency has long begun, and the central bank and its branches have repeatedly required payment institutions to not provide services for virtual currency transactions.

In early 2013, the central bank and other ministries and commissions issued the "Notice on Preventing the Risk of Bitcoin"; in September 2017, the seven departments of the central bank and other departments jointly issued the "Announcement on Preventing tokens' issuing financing risks "; In September 2017, the seven departments, including the Central Bank and the Securities Regulatory Commission, jointly issued a document to stop ICO issuance; Bitcoin China, Huobi.com, and OKCOIN Coins have successively announced the suspension of all digital assets against the RMB transaction business;

The beginning of 2018, the Central Bank's Business Management Department issued a notice requiring the legal person payment institutions in the jurisdiction to carry out self -inspection and rectification work in the unit and branches. After the virtual currency transaction; after that, multiple blockchains were blocked by the media for suspected of publishing hype ICOs and virtual currency information; in terms of payment channels, WeChat and Alipay have strengthened transactions that restrict virtual currencies. Baidu also closed multiple related post bar Among them, the currency circle bar, digital currency bar, virtual currency bar, etc.; And five regulatory agencies, including the People's Bank of China and the CBRC recently, issued a warning to prohibit any funding and transaction activities related to cryptocurrencies.

The and WeChat, as the leader in the field of mobile payment, will directly turn transactions into prohibited transactions. This is to follow the country's policies and cooperate with national supervision. That kind of capital is overlord.