The management at WeChat, a widely-used social media platform in China, has reportedly announced that it will terminate user accounts that are involved in cryptocurrency trading. According to sources familiar with the matter, WeChat’s management has made revisions to its payment policy. The updated policy mentions that "merchants may not engage in illegal transactions such as [those involving] virtual currencies." WeChat’s notice also states that companies or individuals trying to promote or conduct crypto token sales will have their accounts suspended. WeChat users are also prohibited from uploading and exchanging pornographic images.
