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Visa To Take Steps Pursuant To PBOC's Regulations To Begin Operating Domestically In China
Source: Nasdaq
FintechRegulation & LegislationEmerging Markets
Visa received approval from the People’s Bank of China for its Application to Prepare, allowing it to begin formal preparations to establish a domestic bankcard clearing institution in China. The approval is a step toward entry but does not indicate that the institution has been established or that final approval has been granted.
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