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seattle wholesale jewelry supply On October 10, the two major domestic payment giants Alipay and WeChat said at the same time, prohibiting the use of platforms from virtual currency transactions. Why does Alipay and WeChat speak at the same time? The reporter learned that this may be related to a dynamic of a recent virtual trading platform.
Alipay and WeChat: Once found, resolutely refund
On October 10, the two major payment institutions Alipay and WeChat's statement on virtual currency transactions brushed the screen , Double Double shows his tough attitude and prohibits services for virtual currency transactions.
The Alipay Security Center stated that under the reiteration of our attitude towards virtual currency off -site transactions: It is forbidden to use Alipay for virtual currency transactions. If the transaction is found to involve Bitcoin or other virtual currency transactions, the Alipay will immediately stop related payment services. For merchants involving virtual currency transactions, they will resolutely refund; those who are suspected of virtual currency transactions for personal accounts will take the account receipt function of the account according to the plot, and even permanently restrict the collection of payment.
WeChat payment also pointed out that WeChat payment does not support virtual currency transactions, and has never opened virtual currency category business household access. If you find any behavior that uses WeChat to be used for virtual currency transactions, it will be cleared. At the same time, users are welcome to report. We will resolutely cooperate with the crackdown in accordance with relevant regulatory regulations. Resolutely protect the legitimate rights and interests of customers, prevent and control financial violations, and safeguard the order of the financial market.
Why do Alipay and WeChat speak at the same time? The reporter learned that it was related to a recent statement related to Binance.
On October 9, Binance announced that it would launch P2P trading services in China, and its slogan was "easier to obtain cryptocurrencies." Since then, Binance CEO Zhao Changpeng (CZ) confirmed on Twitter that WeChat and Alipay Payment Channel will be added.
In January this year, Alipay said that it has been investigated and closed about 3,000 accounts engaged in virtual currency transactions. At that time, Alipay also emphasized that for users who used Alipay to conduct virtual currency transactions in violation of regulations, once Alipay was verified, it would restrict the accounts of the account.
It is understood that WeChat payment also has similar regulations. In May of this year, the WeChat Payment Amendment "WeChat Payment Service Agreement". The main content of this revision includes: Newly added in Article 12.3: You must not directly or disguise online gambling, pornographic platforms, Internet sales lottery platforms, illegal foreign exchange, precious metals Investment trading platforms, illegal securities and futures trading platforms, token issuance financing and virtual currency trading platforms shall not be performed without the approval of the regulatory department to conduct asset management business through the Internet and illegal transactions that have not obtained the provincial government approved. Otherwise, Tenpay has the right to terminate the payment settlement service for it. The revised agreement will take effect on May 31, 2019.
The domestic explicit prohibition of payment institutions from providing services for virtual currency
In fact, the central bank and its branches have repeatedly required payment institutions to not provide services for virtual currency transactions.
The "Notice on Preventing Bitcoin Risks" issued by the central bank and other ministries and commissions as early as the end of 2013 is clear that all financial institutions and payment institutions shall not be priced at Bitcoin as products or services, shall not buy or sell or serve as central opponents. Bitcoin shall not underwear the insurance business related to Bitcoin may include Bitcoin into the scope of insurance liability, and shall not directly or indirectly provide customers with other services related to Bitcoin, including: providing customers with Bitcoin registration, transactions, liquidation, settlement, settlement, settlement, settlement, settlement, settlement, and settlement Wait for services; accept Bitcoin or use Bitcoin as a payment settlement tool; carry out exchange services for Bitcoin and RMB and foreign currency; carry out Bitcoin storage, custody, mortgage and other businesses; issuance of financial products related to Bitcoin; Investment targets such as trusts, funds and other investment.
In September 2017, the "Announcement on Preventing token Issuance financing risks" stipulated by the seven departments such as the central bank and other seven departments stipulated that all financial institutions and non -bank payment institutions shall not directly or indirectly issue financing and "" Virtual currency "provides products or services such as account opening, registration, transaction, liquidation, settlement, etc.
Similarly, the Central Bank Business Management Department issued a notice in January 2018, requiring the legal person payment institutions in the jurisdiction to carry out self -inspection and rectification work in the unit and branches. Payment channels are used for virtual currency transactions.
wholesale jewelry boxes bulk 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, seven departments such as the central bank and other seven 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 ICO and virtual currency information; in terms of payment channels, WeChat and Alipay have strengthened transactions that restrict virtual currencies. 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.
copper jewelry chain wholesale Try not to use jewelry to make virtual transactions, otherwise that's the case. Trouble, there is a problem at that time. It's lost.
wholesale jewelry market in india Virtual currencies are not popular currencies, they can only be used in specific people! Because security is questionable and cannot guarantee its safety, it has not been recognized by my country's officials and has been prohibited from exchanges. This also causes the platforms to not trade virtual currencies for transactions!