US may ban all Chinese social networks

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It was announced by US Secretary of State Mike Pompeo

Photo: headtopics.com

US Secretary of State Mike Pompeo said the US was “definitely considering” the possibility of banning applications from Chinese social networks, including Tickcock. it is reported Reuters.

Earlier, US officials expressed concern that Chinese companies were allegedly obliged to cooperate with PRC intelligence services and transfer user data to them. TikTok is not available in China, but its parent company, BiteDance, is based in China. Only TikTok residents can use Hong Kong as a Special Administrative Region. However, after the new Chinese security laws came into force, the company stopped working Application in Hong Kong.

Earlier, Indian authorities blocked TikTok and another 58 popular Chinese applications in the App Store and Google Play. The Ministry of Communications and Information Technology explained this decision with the fact that the applications pose a threat to the security of the country and its residents.

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Chinese ByteDans, the owner of Tickcock Applications, plans to expand its product line by adding banking services. To this end, the company applied for a license for electronic banking, which is issued by the Monetary Authority of Singapore, the country’s central bank and the State Financial Regulatory Authority of Singapore.

Read: TikTok debuts and Amazon sustainability: world’s top 100 most expensive brands

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