WeChat News

China’s regulators have asked Tencent Holdings to lower the mobile payment market share of WeChat just a few weeks after Beijing started the digital yuan pilot in Hong Kong. Tencent Holdings is reportedly under pressure from Chinese regulators as Beijing…

Shanxi police in China have arrested a criminal gang involved in manufacturing and distributing fake cryptocurrency wallets

WeChat has joined the growing list of Chinese platforms supporting the country’s central bank digital currency (CBDC), the digital yuan (e-CNY). The move is expected to boost digital yan adoption in the country.  WeChat, a Chinese social media, instant messaging…

The Chinese social media platform WeChat has added some new guidelines to its existing regulations for users of its platform. WeChat has previously suspended some users’ accounts alleged to be linked to NFT trading to avoid price speculation. Updated Rules…

Six leading Chinese banks are promoting the digital yuan as a better alternative to existing major payment providers WeChat Pay and Alipay, ahead of an upcoming shopping festival. Banks Push for Digital Yuan Usage for Shopping Festival According to Reuters…

Blackpin–a business messaging application, is choosing IOTA to build a “digital transaction platform for agile working in the future” similar to WeChat but for enterprises as per an update on Dec 16. Effects of the COVID-19 Pandemic The coronavirus pandemic…

Libra’s troubles and downfalls often make headlines, but the potential impact of the system, if it’s allowed to ship, is greatly ignored. Chinese tech giant Tencent has acknowledged that Libra has the ability to genuinely threaten the global payment rails.…

The Chinese port of Shenzhen is progressing with blockchain initiatives in a major way. After setting up a virtual blockchain exchange and blockchain-based city and port management systems, the municipality looks towards solving the problem of invoicing and customer claims…

Chinese instant messaging app and social media platform, WeChat has barred a vast array of cryptocurrency and distributed ledger technology (DLT) startups from the platform, according to a local news source Lanjinger on August 21, 2018. Blocked Crypto Accounts Per…