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Using blockchain technology provided by the China-based Ant Group, HSBC Holdings has successfully conducted test token deposits in intra-group treasury…
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Mobile applications provided by
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group will be banned under an executive order issued Tuesday by outgoing President Donald Trump.
What Happened: U.S. transactions with the Hangzhou, China-based Ant Group’s Alipay, which had over 1.2 billion users worldwide as of October 2019 as per Xinhua, will be banned.
The order will only come into force after Trump leaves office as it is scheduled to be applicable in 45 days time.
Apps offered by
Tencent Holdings Ltd (OTC: TCEHY) such as Tencent QQ and WeChatPay have also been proscribed under the order, alongside CamScanner, SHAREit, VMate, and WPS Office.