The biggest recent hotspot is regulatory trends:
On the 21st, some WeChat public accounts were suspected of posting ICO (Initial Coin Offering) and virtual currency transaction hype information, violating the "Interim Regulations on the Development and Management of Public Information Services of Instant Messaging Tools", and were ordered to block all content and have their accounts permanently blocked. Among them, Golden Finance, Deep Chain Finance, and Cannon Ratings have become the targets of public criticism.
On the 22nd, the Office of the Leading Group for Financial and Social Risk Prevention and Control in Chaoyang District, Beijing issued a notice requiring all shopping malls, hotels, guesthouses, office buildings and other places not to undertake any form of virtual currency promotion and publicity activities.
On the 23rd, the Financial Affairs Office of Jiangsu Province sent letters to 13 municipal governments with districts, extending mutual fund regulation to fields such as virtual currency and ICO.
Following the rectification at the propaganda level, the supervision seems to start rectification from the payment and settlement side.
The Beijing News reportedThe Beijing News reported, Ant Financial revealed,Alipay will take measures such as restricting the account's collection function or even permanently restricting the collection of payments for personal accounts involved in virtual currency transactions.. Next, Alipay and Ant Financial will continue to closely monitor and investigate over-the-counter transactions involving virtual currencies, and establish inspection systems for key websites and accounts.
Yesterday (August 23), Tencent also stated,The clearing of all virtual currency transactions using merchant numbers has been completed.2. Limit the collection amount of individual seller accounts, only meet the daily social business use, and limit the collection of virtual currency related transactions. At present, the clearing of all virtual currency transactions using merchant numbers has been completed.
1. Restrict the collection function of the platform's collection account, and prohibit it from using WeChat Pay to collect payments for virtual currency transactions;
2. Limit the collection amount of individual seller accounts, only meet the daily social business use, and limit the collection of virtual currency related transactions. At present, the clearing of all virtual currency transactions using merchant numbers has been completed.
secondary title
Sword refers to over-the-counter trading
The investigation of the payment and settlement terminal is actually mainly aimed at over-the-counter transactions.
Since the regulation on September 4 last year, many platforms have gone overseas, and OTC trading has become the main fiat currency trading channel. That is, the platform provides guarantee and matching services, and the parties to the transaction conduct transactions through Alipay, WeChat, bank cards, etc.
For example, both OKcoin and Huobi Exchange provide an OTC trading area. Before buying any other currency, you need to buy some BTC, ETH or USDT in the OTC trading area before you can trade currency. Some platforms refer to merchants who provide legal currency exchange as "acceptors". During the transaction process, the platform provides a guarantee, and the acceptor requires the buyer to transfer the corresponding RMB to him through WeChat, Alipay or bank card, and then transfers the digital currency to the buyer's account.
Therefore, once Alipay and WeChat conduct investigations, the most affected should be these "acceptors" and platforms that specialize in providing OTC transactions.
Odaily interviewed an acceptor on the Gugu Wallet platform, who said that the current Alipay top-up amount can only be 100,000 per transaction, and if it is higher, it needs to be divided into transactions. Generally, large amounts are paid by bank card. He said that the transaction process has become relatively cumbersome, which will still have a certain impact on them.
Yan Lidong, business director of the Industrial Finance Department of CICC Payment Co., Ltd., believes: "Regulatory agencies crack down on virtual currencies from the perspective of payment and settlement. In fact, they have grasped a core. A process of realizing the transfer from virtual currency to legal currency."
Beijing News
who is the next?
according toBeijing NewsLearn from the Office of the National Internet Financial Risk Special Rectification Group Office: In the next step, 124 virtual currency trading platform websites that are located outside the country but actually provide trading services for domestic residents will be strengthened and blocked in real time.
But some people think that this will only deter some investors, and the blockchain and cryptocurrency are not yet in the winter.
Changpeng Zhao tweeted: Blockchain and encryption will not disappear, and there will be more and more people in this field. He said, "Given the mainstream media coverage of events, I think the cycle should end soon. Blockchain and cryptocurrencies are not going away, except for the unbelievers who are kicked out (who will come back) and the adoption There are more and more people on blockchain and cryptocurrencies.”
