Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
Cointelegraph
Published Jul 31, 2020 07:48AM ET
Updated Aug 01, 2020 09:40AM ET
Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies.
A Reuters report published on July 31 cites anonymous sources who claim the People’s Bank of China has formally recommended that the State Council’s antitrust committee launch a probe into the activities of digital payments titans Alipay and WeChat Pay.
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Written By: Cointelegraph
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