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President Joe Biden has also withdrawn Trump-era executive orders that looked to ban new downloads of the Tencent-owned apps and ordered a review of alleged security concerns posed by them
Crypto traders say Beijing’s closure orders have forced mine owners to dump their currency onto an oversensitive market depressing prices
Bitcoin miners in Sichuan faced a Sunday June 20 deadline to close, with a crackdown now covering greener electricity sources ...
Beijing wants restraint from the online tutoring sector, which boomed during the pandemic. President Xi says teachers must teach basic studies in school to cut homework and study hours
Taiwan’s contract electronics manufacturing giant deepens its commitment to electric cars as it fights outbreaks of Covid-19 among its affiliates...
China is pushing for power companies and telecom networks to work together to reduce costs of towers as it rolls...
The South Korean tech leader is also said to be in talks with other telecoms firms across Europe after Huawei's sidelining over alleged security concerns
Surge in price of bitcoin raises suspicions that more mining is going on in Chinese hinterland China’s crackdown on cryptocurrencies...
Authorities in the country's northwestern province of Qinghai – and a district in neighbouring Xinjiang – ordered cryptocurrency mining projects to close this week with Beijing intent on cleaning up the sector
Digital currency exchanges are exploring ways to set up in India – lured by rewards far outweighing the perceived risks,...
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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Fintech: The Big Picture
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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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