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U.S. State Department Proposes Blacklisting Digital Payments Leader Ant Group
Summary: The U.S. State Department has proposed a trade blacklist of the fintech branch of e-commerce giant Alibaba, as reported by Reuters. The branch, Ant Group, is a global leader in digital payments based in China. Ant Group is preparing for a public launch which is predicted to bring is as much as $35 billion worth ...
The U.S. State Department has proposed a trade blacklist of the fintech branch of e-commerce giant Alibaba, as reported by Reuters.
The branch, Ant Group, is a global leader in digital payments based in China. Ant Group is preparing for a public launch which is predicted to bring is as much as $35 billion worth of investments.
It is unclear when the proposal will be reviewed but it comes as members of the Trump administration want to discourage investors from participating in the IPO. Ant Group has made significant strides in the blockchain space as China has continued to develop its digital Yuan and Blockchain Services Network.
By Emily Mason
Tags: Ant Group,Blockchain Services Network,China,Digital Yuan,Trump Administration,US State Depatment
Link: U.S. State Department Proposes Blacklisting Digital Payments Leader Ant Group [Copy]
