TechBookyBusiness
No Result
View All Result
Tuesday, July 5, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Government

U.S. Commerce Department Revokes TikTok, WeChat Prohibited Transaction List

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
June 22, 2021
in Government
Share on FacebookShare on Twitter

The United States Department of Commerce said on Monday that it was cancelling a list of forbidden transactions with WeChat and TikTok. These bans were issued last year during the Trump administration; his administration sought to restrict new downloads of the aforementioned apps by Americans.

Last week, we reported that some Chinese apps may be forced out of the market if they fail to implement measures to protect the private information of people in the U.S as a result of President Joe Biden’s executive order. We also reported that the U.S. Department of Commerce might issue subpoenas to collect information about smartphones, tablets, and computer software applications that it finds suspicious, as part of the executive order, and according to sources, the U.S. Department of Commerce may negotiate conditions for the use of the aforementioned in the United States or these apps.

The withdrawals, approved by President Joe Biden, automatically put a stop to the Trump administration ban that put a restriction on downloads of these apps. The executive order ordered the Department of Commerce to review these apps in terms of security risks.

Under the Trump administration, the Department of Commerce also carried out actions that would have completely taken WeChat out of the U.S. market and pushed for similar restrictions against video-sharing app TikTok.

The current administration has ordered the Department of Commerce to review these tech apps and companies, weigh the security risks, and come up with recommendations within a period of three months. The main aim is safeguarding the private information of every American from being accessible by companies that may be working with the country’s foes.

WeChat is quite popular in the U.S. It has over 19 million downloads in the U.S. alone and is used for various services such as instant messaging, as a games platform, and also for making payments. TikTok, on the other hand, is very popular in the U.S. and globally. It is used to make creative videos that are shared on the platform and across other major platforms.

The executive order by President Joe Biden automatically revoked the Trump-issued bans that targeted WeChat and TikTok, as well as eight other Chinese communications and financial technology applications.

WeChat and TikTok are also some of these Chinese apps that may be forced out of the market if they fail to implement measures to protect the private information of people in the U.S as a result of President Joe Biden’s executive order.

Total
0
Shares
Share 3
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Chinese Apps Risk Subpoenas Or Bans Under Biden’s Order, Sources Say
    Chinese Apps Risk Subpoenas Or Bans Under Biden’s Order,…
  • The United States Government Will Remove Xiaomi Corp From Blacklist
    The United States Government Will Remove Xiaomi Corp From…
  • Shou Zi Chew Steps Down From His Role As ByteDance's CFO To Focus On Being TikTok's CEO
    Shou Zi Chew Steps Down From His Role As ByteDance's CFO To…
  • IRS: The U.S. Treasury Is Asking All Crypto Transfers Over $10k To Be Reported
    IRS: The U.S. Treasury Is Asking All Crypto Transfers Over…
  • TikTok Takes Over As The Most Downloaded Non-gaming App In March
    TikTok Takes Over As The Most Downloaded Non-gaming App In…
  • ByteDance's Founder Zhang Yiming Steps Down As Chairman, Following The Company’s Reorganization Plans
    ByteDance's Founder Zhang Yiming Steps Down As Chairman,…
  • TikTok Was The Most Downloaded App Globally For The First Quarter Of 2022
    TikTok Was The Most Downloaded App Globally For The First…
  • Former U.S. President Trump Says Bitcoin Is A Scam
    Former U.S. President Trump Says Bitcoin Is A Scam
Tags: governmenttiktokwechat
Previous Post

Uber has Bought 100 Percent Of Chile Delivery Startup, Cornershop

Next Post

China’s Bitcoin Crackdown Has Wiped Off $300b From The Crypto’s Value

Next Post
China’s Bitcoin Crackdown Has Wiped Off $300b From The Crypto’s Value

China's Bitcoin Crackdown Has Wiped Off $300b From The Crypto's Value

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,382.08-1.83%
  • ethereumEthereum(ETH)$1,096.44-0.99%
  • tetherTether(USDT)$1.00-0.15%
  • usd-coinUSD Coin(USDC)$1.00-0.07%
  • binancecoinBNB(BNB)$224.03-0.09%
  • Binance USDBinance USD(BUSD)$1.00-0.06%
  • rippleXRP(XRP)$0.316009-2.18%
  • cardanoCardano(ADA)$0.448908-3.93%
  • SolanaSolana(SOL)$33.51-2.42%
  • dogecoinDogecoin(DOGE)$0.065894-3.23%
  • polkadotPolkadot(DOT)$6.68-4.56%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.78%
  • AvalancheAvalanche(AVAX)$16.81-3.88%
  • matic-networkPolygon(MATIC)$0.4977075.06%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....