Cryptocurrency card freezing trend (4): Are you still using Alipay to buy and sell Bitcoin? (Attached is Alipay’s exclusive response to “card freezing”)

This is the fourth in a series of articles about the recent cryptocurrency card freezing trend. You are welcome to add the author’s WeChat ID: wushuoblockchain and tell me what you have seen and heard.

First article: Restoring the cause and effect of the "freezing of credit cards" in June: Dongguan froze thousands of credit cards and people in the cryptocurrency circle were in a panic

Part 2: Follow-up to the freezing of card in the cryptocurrency circle: rare occurrences of "freezing of buying coins" and "reverse freezing"

Part Three: Cryptocurrency Circle Card Frozen Trend (3): Why Are Many Bitcoin Miners’ Bank Cards Frozen?

Although many OTC professionals have repeatedly emphasized that you should not use Alipay, WeChat, traditional banks, etc. to deposit and withdraw funds, there are still many users who use Alipay to deposit and withdraw funds, and mainstream platforms also cover Alipay payment channels.

Previously, someone asked Binance founder Zhao Changpeng whether it was possible to use Alipay and WeChat Pay to buy Bitcoin on Binance, and Zhao Changpeng gave a clear "YES" answer. Alipay immediately replied to Zhao Changpeng that Binance could not use Alipay to trade Bitcoin.

In the recent card freezing trend, many users have experienced Alipay freezing, transaction interruptions, and security alerts.

For example: directly interrupt the transaction

For example: Prompt that the transaction is risky

If you use Alipay to deposit and withdraw funds, you can also go to the Alipay Security Center page to conduct a self-test. The test results will tell you the degree of risk (freeze). If there is a risk, be cautious when using this Alipay account to deposit and withdraw funds.

Alipay’s exclusive response to Wu’s blockchain:

Alipay has always been very clear about its attitude towards virtual currency over-the-counter transactions: it is forbidden to use Alipay for virtual currency transactions. If a transaction is found to involve Bitcoin or other virtual currency transactions, Alipay will immediately stop the relevant payment service. For merchants involved in virtual currency transactions, they will be resolutely cleared out; for personal accounts suspected of virtual currency transactions, measures such as limiting the account's payment function or even permanently restricting payment will be taken according to the circumstances.

In 2014, Alipay announced that in order to protect the property interests of the public, maintain the legal currency status of the RMB, and prevent money laundering risks, from now on, no organization or individual may use Alipay's payment services for activities such as recharging and withdrawing transaction funds for Bitcoin, Litecoin, etc., purchasing and selling related transaction recharge codes, etc., and may not transfer related transaction funds through Alipay services. Once discovered, Alipay has the right to immediately stop the relevant services. The public can report the above-mentioned behaviors to Alipay.

On the other hand, almost all C2C fiat currency transactions on OTC platforms have channels for Alipay to transfer money. In theory, as long as there is no relevant transfer information involved, it is just a transfer to someone on the surface. The risk is then concentrated on the account of the OTC merchant again. If the merchant receives "black money" and is investigated by the police, then the Alipay that received the black money will almost certainly be frozen, and the Alipay associated with the merchant may also be frozen.