Ibahagi ang artikulong ito
Alibaba Payments App to Step Up Scrutiny Over Crypto OTC Trading
Alibaba's payments affiliate is cooperating with Chinese regulators to scrutinize peer-to-peer crypto trading through its AliPay mobile app.
Ni Wolfie Zhao
Ant Financial, the payments affiliate of Alibaba, is cooperating with Chinese regulators to scrutinize peer-to-peer cryptocurrency trading on its Alipay mobile app.
Beijing News, a media outlet administrated by the Communist Party, reported Friday that Ant Financial is beefing up efforts to monitor both merchant and customer accounts, as well as notable sites that integrate the Alipay gateway to facilitate over-the-counter (OTC) crypto trading.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
A spokesperson from Ant Financial told CoinDesk that "Alipay adheres to the principle of not providing services for virtual currency transactions," adding:
"We have been and will continue to closely monitor over-the-counter trading activities. If we find any transactions that we suspect are related to virtual currencies, we take appropriate measures including, but not limited to suspension of related fund transfers and permanently restricting payment collection functions of accounts involved."
However, the company did not offer details on whether or how many accounts it had already found to be involved with crypto trading.
The news follows yesterday's report that Chinese financial regulators are now seeking to block the internet access to over 100 overseas crypto trading platforms that are still providing services to Chinese investors.
WeChat Pay, another prominent mobile payments app launched by the internet giant Tencent, has been monitoring and blocking accounts that are suspected of making crypto transactions, as CoinDesk reported previously.
Following the notable ban on crypto trading and initial coin offerings from People's Bank of China in September 2017, major Chinese exchanges all shifted their businesses overseas but continued to offer crypto-to-fiat OTC trading.
Alipay, WeChat Pay and bank transfer have since been used as ways for Chinese residents to purchase cryptocurrency assets.
Alipay image via Shutterstock
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Boring Bitcoin's Green Light Moment Incoming?
BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.
O que saber:
- The Federal Reserve's recent rate cut did not significantly impact bitcoin's price, which remains directionless.
- Bitcoin's MACD histogram signals potential bullish momentum, while the dollar index's points bearish.
- The ETF flows continue to disappoint.
Top Stories
