China: Chinese Biggest Payment Firms Have No Plans to Follow Facebook into Crypto

Coindesk

China’s internet giants appear unlikely to follow Facebook into the cryptocurrency space anytime soon – though you can be sure they’re paying attention. Pony Ma, the CEO of Tencent, the parent company of social messaging and payments app WeChat, said Wednesday that he thinks regulation will be the deciding factor for the success of Facebook’s Libra initiative.

image via Shutterstock

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