WeChat revised payment agreement: merchants are not allowed to engage in illegal transactions such as virtual currency

Recently, WeChat paid to amend the WeChat Payment Service Agreement, of which Article 12.3 added the following content: You may not engage in Internet gambling, pornographic platforms, Internet sales lottery platforms, illegal foreign exchange, precious metals investment trading platforms, illegal securities futures trading, directly or in disguise. The platform, the token issuance financing and the virtual currency trading platform shall not be allowed to carry out the asset management business through the Internet and the illegal trading of bulk commodity trading places that have not obtained the approval of the provincial government without the approval of the regulatory authorities. Otherwise, Tenpay will have the right to terminate it. Provide payment settlement services. The revised agreement will take effect on May 31, 2019.