Bitcoin 

Alipay to Ban All Bitcoin-Related Transactions

Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declared that it will be banning any transactions related to Bitcoin (BTC) or other cryptocurrencies. Combating illicit players On Oct. 10, Alipay has reiterated its anti-crypto stance in a Twitter thread, elaborating that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote: “If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.” This move comes amid various reports that…

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Bitcoin 

Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9. Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not working directly with WeChat or Alipay. Zhao noted that users are still able to use them for peer-to-peer transactions.  The move follows the implementation of Binance’s peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan…

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