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Latest: Fintech News

TikTok Says Australian Data Can Be Accessed in China
TikTok Says Australian Data Can Be Accessed in China

TikTok said its staff in China were able to access Australian users' data but added that "our security teams minimise the number of people who have access to data"

Securities, Banking Regulators Issue Guidelines for Stablecoins
Securities, Banking Regulators Issue Guidelines for Stablecoins

The new guidance shows when existing payment sector rules should apply to large stablecoins, marking a major step forward in applying "same risk, same regulation"

India’s Tweaked Telecom Rules Seen Blocking China’s Huawei, ZTE
India’s Tweaked Telecom Rules Seen Blocking China’s Huawei, ZTE

Blocking China-made equipment means higher costs and that's bad news for local telecom companies, says consultancy firm Com First in Delhi.

Taiwan Hints US-Like Relations with EU May Spur Chip Plants
Mercedes Teams Up with Tencent on Self-Drive Cars – Pandaily
Data Leak Shows Uber ‘Broke Laws, Duped Police’ – Guardian
Myanmar Sets Up China-Made CCTVs in More Cities
India’s HDFC Bank Aided Yuan Trade in Russian Coal
Chinese Banks Face Tougher Credit Card Rules to Manage Risks
China Cybersecurity Regulator to Enforce New Data Rules

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Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors