In today's digital age, the cryptocurrency market has always attracted much attention. Recently, WeChat announced support for Bitcoin price inquiries, which caused a stir in the entire cryptocurrency community. At the same time, the question of whether the cryptocurrency ban is expected to be lifted has also become a hot topic. Let's take a deep look at this important information and see how the cryptocurrency market may develop in the future.

Judging from the development trends in the past few years, the cryptocurrency market has been constantly changing, attracting more and more investors and ordinary people to participate. As one of the most well-known cryptocurrencies, Bitcoin's price fluctuations have attracted global attention. WeChat's announcement of support for Bitcoin price inquiries provides users with a more convenient way to understand the cryptocurrency market, and also reflects the trend of cryptocurrency gradually moving towards the mainstream.

The cryptocurrency ban has always been one of the focuses of regulators. Countries have different attitudes towards cryptocurrencies. Some countries have taken measures to ban transactions, while others have an open attitude. Whether the cryptocurrency ban is expected to be lifted requires comprehensive consideration of market demand, regulatory policies, and technological development. In recent years, some countries have begun to re-examine the potential of cryptocurrencies and may adjust relevant policies to create more possibilities for the further development of the market.

In the development of the cryptocurrency market, technological innovation has always been one of the driving forces. The continuous evolution of blockchain technology has provided a more solid foundation for the security and credibility of cryptocurrencies. At the same time, the emergence of emerging concepts such as DeFi (decentralized finance) has also brought more possibilities and innovation opportunities to the cryptocurrency market. These technological innovations have not only promoted the development of the cryptocurrency market, but also brought more convenience and choices to investors and users.

In addition to technical factors, market demand is also one of the important factors affecting the direction of the cryptocurrency market. With the changes in the global economic situation and the popularity of digital payment methods, more and more people have begun to pay attention to and participate in the cryptocurrency market. At the same time, some traditional financial institutions have also begun to layout the cryptocurrency field, injecting new vitality into the development of the market. This diversified market demand will drive the cryptocurrency market towards a more mature and stable direction.

In general, WeChat's move to support Bitcoin price inquiries and the possibility of the cryptocurrency ban being lifted show the vitality and potential of the cryptocurrency market. With the continuous innovation of technology and the continued growth of market demand, the cryptocurrency market will usher in more development opportunities and challenges. In the future, we can expect to see the cryptocurrency market develop more maturely and healthily, bringing new vitality and possibilities to the global financial system.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120btc.COM): In recent years, mainland China has adopted a tough cryptocurrency restriction policy, but earlier on the 1st, the social network began to spread wildly that China's largest social media WeChat (WeChat) has supported the function of querying Bitcoin prices, causing netizens to speculate whether China's encryption ban will be relaxed?

WeChat Bitcoin exchange rate conversion service is provided by a third-party applet

However, according to research, the claims on the social network are exaggerated. First of all, although it is indeed possible to query the exchange rate between Bitcoin and RMB on WeChat, this service needs to be implemented by a third-party WeChat applet called "Global Exchange Rate Conversion".

If you directly enter keywords such as "Bitcoin" and "BTC" in the search box, you will not directly get the currency price information.

Is China's encryption ban expected to be relaxed? 

After further investigation, the applet "Global Exchange Rate Conversion" is provided by Guangzhou Hujiang Network Technology Co., Ltd. According to data from the enterprise search portal Aiqicha, Hujiang Network is a small and micro enterprise established on November 9, 2011, with its main business being development and a registered capital of only 2 million RMB (about 290,000 US dollars).

Based on the above information, the Bitcoin price function is not officially promoted by WeChat, but is just an attempt by a micro-enterprise. Although the function has not been banned yet, coupled with the recent crypto-friendly policy released by Hong Kong, it may represent a loosening of the official position of China, but whether the ban since mid-2021 can really be lifted remains to be seen.