TLDR
China's Repeated Takedowns of Its Own Tech Elites Paints A Worrying Forecast For All of FinTech. Draft antitrust measures from the People’s Bank of China (PBOC) targeting Ant Group and Tencent. This new emphasis to regulate fintech growth under the realm of antitrust and anti-monopoly regulations will drastically affect China's fintec ecosystem. By regulating the incumbent players, the Chinese government is attempting to increase strict controls on what happens within the fintch ecosystem, stifling growth in the long-term.via the TL;DR App
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Written by hughharsono | Hugh writes about cyberspace, digital currencies, economics, foreign affairs, and emerging technologies.
