China's central bank urges Alipay and banks to crack down on crypto speculation - CNBC
Jun 21, 2021 36 secs

The People's Bank of China said it summoned major lenders including the Industrial and Commercial Bank of China and the Agricultural Bank of China, and Alipay, the mobile payments service run by Alibaba affiliate Ant Group, to tell them they must not provide crypto-related services.

Alipay said Monday it would "continue to conduct a comprehensive investigation and strike against virtual currency transactions" and "intensify" its crackdown on crypto.

"We reiterate that Alipay does not conduct or participate in any business activity related to virtual currencies and does not provide any assistant technical service or capability," the company said, according to an English translation of a post on the social media site Weibo.


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