News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not relenting on its effort to

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Source and More information: WeChat Updates Policy Statement: Bans Bitcoin Transactions

Author: BTCManager.com