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Biden administration reportedly adds new limits on Huawei’s suppliers
The Biden administration this week amended licenses for companies to sell to China’s Huawei Technologies Co Ltd , further restricting companies from supplying items that can be used with 5G devices, reports Reuters.
The changes could disrupt existing contracts with Huawei that were agreed upon under previous licenses that have now been changed, two of the sources said.
The actions show the Biden administration is reinforcing a hard line on exports to Huawei, the telecommunications equipment maker placed on the trade blacklist over U.S. national security concerns.
Bitcoin trading platform Binance is under investigation by the U.S.
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