Sunday, May 26, 2024

China’s Fintech crackdown explained

By DAC000 , in China Fintech , at March 11, 2021 Tags: ,

by Economist, arguing the crackdown has three goals: control tech-linked leverage, control data and to play a more active role in fintech. About a three minute read.

Comment: interesting article, the part about “controlling” leverage really intends to provide increased systemic stability, while controlling data compares on some level to The EU’s GDPR. Their objectives seem rather benign to me, rather than dystopian as oft presented by Western media.