🎚 Alipay, China's biggest payment system, has apparently been showing ads for users in mainland China on Bitcoin and cryptocurrencies
⏺ The commercials encourage crypto investments and point viewers to Huabao Overseas Technology C, which indirectly owns Coinbase stock and the ARK 21Shares Bitcoin ETF.
⏺ Currently limited to buying a maximum of 1,000 Chinese yuan ($137) of the fund's shares daily, users must minimum invest 10 yuan.
⏺ Maintaining its anti-crypto posture, the Chinese government is imposing an interdepartmental crackdown on cryptocurrencies by 2021. China's authorities have declared, in spite of the ban, that crypto assets are legal properties safeguarded under law.
⏺ The commercials encourage crypto investments and point viewers to Huabao Overseas Technology C, which indirectly owns Coinbase stock and the ARK 21Shares Bitcoin ETF.
⏺ Currently limited to buying a maximum of 1,000 Chinese yuan ($137) of the fund's shares daily, users must minimum invest 10 yuan.
⏺ Maintaining its anti-crypto posture, the Chinese government is imposing an interdepartmental crackdown on cryptocurrencies by 2021. China's authorities have declared, in spite of the ban, that crypto assets are legal properties safeguarded under law.