✅1. Cryptocurrency Fund Promotion Ads Appear on Alipay’s Homepage✅

Community users have noticed that some Alipay users in mainland China recently saw promotional ads related to cryptocurrency funds on the app’s homepage. The ad promotes “Global investment, skyrocketing cryptocurrencies, start with just 10 RMB, join now.” Upon investigation, the fund in question is HuaAn Overseas Technology C (QDII-FOF-LOF), which indirectly holds positions in Coinbase stock and the ARK Invest Bitcoin Spot ETF through a compliant investment model. Currently, daily purchase limits for users are restricted to 1,000 RMB per day.

✅2. Alipay Clarifies It Does Not Support Direct Purchase of Cryptocurrencies✅

In response to rumors that “Alipay supports cryptocurrency purchases,” Alipay issued a clarification on social media: “Seeing a banana ad on platform X doesn’t mean you can buy bananas on platform X.” This statement refutes the misconception. The truth is that the promotion involves the HuaAn Overseas Technology C Fund, which invests in Coinbase stock and Bitcoin ETFs, rather than directly purchasing cryptocurrency assets.

✅3. Vancouver City Council Passes Motion to Become a Bitcoin-Friendly City✅

The Vancouver City Council has passed a motion to explore the application of Bitcoin in the city’s financial operations, aiming to become a “Bitcoin-friendly city.” This policy is driven by international political and economic trends, with the goal of introducing innovative cryptocurrency use cases in municipal operations.

✅4. Ukraine Plans to Legalize Cryptocurrency by Early 2025✅

Ukraine is drafting legislation to legalize cryptocurrencies by Q1 2025, using a securities-based tax framework. The bill is being developed jointly by the National Bank of Ukraine and the International Monetary Fund (IMF). The objective is to complete the legislative process in Q1 2025 and promote the compliant development of the digital currency sector.