Ant Financial, a subsidiary of Alibaba, which manages the payment system Alipay, jointly with the Chinese regulatory authorities started a thorough check of user activity, to identify p2p cryptocurrency trading.
In last Friday’s edition of Communist party of China Beijing News reported that Ant Financial strengthens the monitoring of accounts of merchants and users of payment systems as well as sites that integrate Alipay interface to simplify over the counter (OTC) trade cryptocurrency.
According to the official representative of Ant Financial, Alipay do not provide services for payment transactions with digital currencies.
“We’ve been following and will continue to monitor activity relating to OTC trade. If we find at least one transaction associated with virtual currencies, we will take appropriate measures to suspend transfer of funds and limitations of receiving payments from accounts involved in the activity”, — added the representative.
However, the company did not disclose how many accounts are involved in cryptocurrency trading, they managed to find, and managed to do it at all.
It is worth noting that the news seems to be normal, reflecting a further tightening of oversight of the cryptocurrency sphere by the Chinese regulators. Recall that yesterday, the authorities announced the intention to block hundreds of foreign cryptocurrency exchanges available to Chinese investors. Also be blocked by web site and official accounts of WeChat messenger, if the regulators find there evidence that a cryptocurrency transaction. The management of the payment application WeChat Pay has been tracking such activity.
The situation in kriptonyte China glowed from the prohibitions of the authorities to hold ICO and cryptocurrency trading in pairs with the Chinese yuan. Due to limitations of the local cryptocurrency exchanges have been forced to move the business into other countries, and many people in China had to resort to alternative methods to acquire digital assets. Since then, the most popular in the country won the purchase of cryptocurrencies through applications, Alipay and WeChat, as well as Bank transfers.