Trump Administration Said to Mull Putting Digital Payments Giant Ant Group on Trade Blacklist: Report

(Ant Group)

The U.S. State Department has submitted a proposal to add Ant Group, the fintech arm of e-commerce behemoth Alibaba, to a trade blacklist, Reuters reported, citing two people familiar with the matter.

  • The move comes as Ant, a global leader in digital payments, is readying to go public in what could be an offering worth up to a record $35 billion.
  • While it’s not clear when the proposal to put China-based Ant on the blacklist will be reviewed, it comes as trade hawks in the Trump administration want to discourage U.S. investors from taking part in the Ant IPO, Reuters noted.
  • Why this matters in the crypto world: Besides being a global leader in digital payments, Ant has been working on its own blockchain operations while China is operating at full speed on its own digital currency and its Blockchain Services Network.

Read also: Ant Launches Business Trade Blockchain in Run-Up to $35B IPO

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos

    Crypto Risk Creeps Into $7.1 Trillion Worth of Stocks: MSCI

    The exposure of companies to cryptocurrency could be introducing risks into the portfolios of institutional investors, warns MSCI Inc. Bloomberg’s Dani Burger reports. (Source: Bloomberg)

    2 days ago


    CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

    Learn More