Payments News


Tencent’s WeChat Wants No More Talk of Cryptocurrency and NFTs

“China’s ban on cryptocurrency mining – and general dislike of any form of blockchain-based assets – has seen web giant Tencent clamp down on discussion of the subjects on its massive WeChat and Weixin messaging platforms. News of Tencent’s policy can be found in recent amendments to its terms of service which last week added a section about cryptocurrency and NFTs. The added verbiage states that accounts engaged in discussion of crypto trading, exchange between bit-bucks and real money, or provision of pricing services for digital currencies, all need to stop it. Account holders whose chats veer into the topics described above will be warned, and Tencent may restrict some functions of their accounts. Continued discussion of forbidden crypto will see accounts banned.”