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Huawei adds a bitcoin wallet to its app store even as China cracks down on trading

May 11, 2018

Via: CNBC
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Huawei has released a bitcoin wallet on its app store for the first time, allowing Chinese consumers to hold virtual currencies even as Beijing steps up regulation on the nascent industry.

The Shenzhen-based Chinese smartphone maker has teamed up with BTC.com, an online platform for cryptocurrency investors, miners and developers, to add BTC.com’s crypto wallet to Huawei’s new AppGallery.

The move comes as China cracks down on speculative trading in the cryptocurrency market. Beijing banned initial coin offerings (ICOs) — a form of fundraising for cryptocurrency start-ups — last year, and has closed down domestic bitcoin exchanges.

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