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US imposes restrictions on transactions via WeChat, curbs on TikTok

The order doesn't apply to operations or cash transfers outside the US, which had been a concern of some US tech companies

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The ban could also impact US companies that allow payment via WeChat | Photo: Shutterstock

Josh Wingrove, Shelly Banjo and Jenny Leonard | Bloomberg
The US will ban some transactions over the Chinese-owned WeChat app while prohibiting new downloads and updates of the app as well as TikTok’s app starting Sunday.

Commerce Secretary Wilbur Ross said Friday that the US will prohibit cash transfers within the US related to WeChat and its parent company Tencent Holdings Ltd. Other measures prohibited as of Sept. 20 include distribution, maintenance and updates of WeChat or TikTok through app stores in the US

The order doesn’t apply to operations or cash transfers outside the US, which had been a concern of some US tech companies.

“WeChat US, for all practical purposes,

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First Published: Sep 18 2020 | 6:13 PM IST

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