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Today In Digital-First Banking: China’s Central Bank Tells Ant Group To Concentrate On Payments; China’s Digital Yuan Pilot Wraps Up

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China's Central Bank Tells Ant Group To Concentrate On Payments Business. In today’s top news in digital-first banking, financial regulators in China are moving to check the influence of Jack Ma’s Ant Group, while the second pilot of a digital yuan by the People’s Bank of China has concluded.

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Links 1/16/2023 | naked capitalism

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SARS-CoV-2 wastewater concentration and linked longitudinal seroprevalence: a spatial analysis of strain mutation, post-COVID-19 vaccination effect, and hospitalization burden forecasting (preprint) medRxiv. Findings: We found strong linear association between wastewater concentration and estimated community prevalence (r=0·916).

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China's Tests Of Digital Yuan Have Processed 4 Million Transactions

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There were rumors initially that the digital currency electronic payment (DCEP) had been used for a real estate transaction, but those rumors were quelled. million) worth of digital currency to 50,000 people chosen by a lottery in the country's first trial run of its cashless payment system.

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China: House Divided | AIER

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I have come to think of it in terms of concentric circles, each smaller than, and fully contained in, the larger category. Capitalism, however, also creates concentrations of economic power because of the ability of successful investors and entrepreneurs to gather large amounts of wealth.

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

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Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said.

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What Investors Need to Know

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dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Cryptocurrencies are sometimes exchanged for U.S.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

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The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies.

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