Categories: News

Alipay will block all cryptocurrency related transactions

Alibaba’s payment division, Alipay, said it would block all transactions related to trading bitcoin and other cryptocurrencies.

“If any transfers related to Bitcoin or other virtual currencies are noticed, they will be immediately blocked,” – reported on the Alipay page on Twitter.

Thus, the company once again noted an extremely negative attitude towards cryptocurrencies. Alipay added that it closely monitors over-the-counter trading and will not allow activities that violate applicable laws and regulations.

Note that the day before, the Binance exchange launched a P2P service where you can buy BTC, ETH and USDT for Chinese yuan. Then, Exchange Director General Changpeng Zhao said that users from China will be able to replenish their deposits using Alipay and WeChat Pay.

The launch of the new service is connected with the desire to increase the competitiveness of Binance in the Chinese market. Now similar exchanges such as Huobi and OKCoin provide Chinese traders with similar services. In the future, Binance plans to expand and provide this service in other countries.

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