U.S. Explores Restricting Ant Group, Tencent Payment Systems - Bloomberg

(Updated - October 7, 2020 12:35 PM EDT)

The Trump administration is exploring restrictions on Jack Ma's Ant Group and Tencent over concerns that their digital payment platforms threaten U.S. national security, according to Bloomberg, citing people familiar with the matter.

The debate on how or whether to restrict the payment systems has accelerated among senior U.S. officials in recent weeks, though a final decision isn't imminent, the report said.

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