The post Ant Group Withdraws $100m Investment in A&T Capital’s Digital Asset Strategy! appeared first on Coinpedia Fintech News
Ant Group, the Chinese fintech giant, is all set to pull out of a $100 million investment in A&T Capital, a vehicle that was central to its digital asset strategy. A&T was set up to invest in offshore cryptocurrency projects by former Ant executive Yu Jun, who resigned earlier this year. The move comes as China continues its crackdown on digital currencies, leading to increased uncertainty in the market.
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