Technology
Chinese banks say they won't block legitimate account cryptography
It has speculated that Chinese banks suspend customer accounts with a history of cryptocurrencies buying and selling. The Chinatimes report of June 13 explains that banks in China have not shut down any legal crypto-accounts fiat. Chinese banks have not.
Big banks answer
The report shows that all responded: China Merchants Bank, Bank of China, China Agricultural Bank, China Construction Bank and the China Industrial and Commercial Bank
"The portal is legal, the virtual monetary source is legal and the Bank does not deliberately freezes the user's funds because the website already provides bank card services.When money laundering, bribery and other criminal cases are involved.
Further research
The investigation found no risk warning alert when operating transactions were found in the case of counter transactions supporting Alipay, WeChat and major bank card accounts.
Personnel from the Alipay Protection Fund commented on this:
"There shall be no freeze money, freeze account or other problems as long as there is a payment page of Alipay and legal activity must be involved."
Although there were no legal cryptographic accounts to be shut down, industry insiders still reminded people to use or open a separate cryptocurrency trading account.
'It is best to not use bank cards that are of significant uses to purchase cryptocurrencies such as mortgage and car loans deductible and pay cards.'
As reported last year by Cointelegraph in the United States, Alipay prohibited Bitcoin-related transactions and cryptocurrencies. In September 2017, Chinese authorities prohibited local cryptocurrency trading and attempted to deal with all domestic cryptocurrency trade.
