Concerns Mount as Ant Group and JD.com Halt Plans to Launch Stablecoins in Hong Kong

Chinese tech giants Ant Group and JD.com have announced a pause in their plans to issue stablecoins in Hong Kong amid increasing regulatory scrutiny and warnings from Chinese authorities. The decision comes in response to concerns raised by Beijing regarding privately controlled currencies and their potential impact on the financial ecosystem.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.