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China’s Digital Yuan Puts Ant and Tencent in an Awkward Spot – The Wall Street Journal

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China’s Digital Yuan Puts Ant and Tencent in an Awkward Spot – The Wall Street Journal

HONG KONGChina is calling on private-sector pioneers Ant Group Co. and Tencent Holdings Ltd. to help it develop a state-backed digital currency that threatens the pairs highly popular payment networks.
The Peoples Bank of China in recent months has accelerated…

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