China denied a Bloomberg report that it would revive the IPO for Ant Group, a digital financial giant closely affiliated with Alibaba (BABA) and its founder Jack Ma. China's last-minute halt to the Ant IPO in late 2020 marked the beginning of China's tech crackdown.
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BRIAN SOZZI: Mark, TikTok is just growing by leaps and bounds. I was just surprised to hear how much Mark Zuckerberg talked about that competitor on the earnings call last night. How can they crack the code? How can they wrestle back market share from that company?
U.S. Sens. Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) have introduced a bill to crack down on money laundering and financing of terrorists using cryptocurrencies. If it becomes law, the Digital Asset Anti-Money Laundering Act would bring know-your-customer rules to crypto participants such as wallet providers and miners and prohibit financial institutions from transacting with digital-asset mixers, which are tools designed to obscure the origin of funds. 2ff7e9595c
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