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Ant Group Uses Fuzhou Summit to Detail Work in Developing Digital Yuan

Ant Group, which recently made headlines after being ordered by the People’s Bank of China to “restructure its operations,” has been helping the nation develop a digital yuan since 2017. So reports the South China Morning Post.

ant groupThe company, along with Tencent Holdings, boasted its participation in the development of the sovereign digital currency at the annual Digital China Summit in city of Fuzhou. Ant recently backed off a plan to offer a massive initial public offering in Shanghai and Hong Kong earlier this year.

Read the full article from the South China Morning Post.

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