Singapore Pushes Digibanks in Face of China, U.S. Crackdown

Caixin Global | Nov 26, 2020 at 3:30 PM
  • — Singapore’s financial regulator will stick with its plans to award digital banking licenses by the end of the year, undeterred by tightening scrutiny in China and the U.S. that’s hitting major Chinese applicants.
  • TikTok, one of the world’s most popular apps, got a two-week extension on a Nov. 12 deadline to sell its American business as the U.S. gauges whether it poses a threat to national security.