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Ant-backed MYbank to help China expand digital yuan trial

China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in the ongoing pilots of its central bank digital currency, the digital …

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Alibaba is facing an anti-monopoly probe by Chinese regulators

VCG via Getty Images China’s market regulator has opened an investigation into Alibaba’s “suspected monopolistic conduct.” The State Administration for Market Regulation has posted a short statement on its website announcing the anti—monopoly probe. The regulator seems to have taken issue with Alibaba’s “choosing one from two” policy, in particular. According to TechCrunch, that policy …

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