Some of China’s biggest tech firms including the likes of JD, Tencent, and Alibaba’s Ant Group have signed a “self-regulating pact” that involves a commitment to “fighting” or “eliminating” cryptoassets.
Per JRJ and NBD, the agreement was sealed at a meeting led by the National Copyright Exchange Center Alliance, a government-led copyright regulator that was founded by a decree from the State Council, the executive body of the central Chinese government.
The meeting saw Ant, Alibaba’s fintech arm,
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