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🚨 NEW: China's e-commerce giant JD.com registers two potential stablecoin-linked entities, Jcoin and Joycoin, ahead of Hong Kong's stablecoin regime launch. 👀

#Crypto #Stablecoins #JDcom #HongKong #Blockchain

📰China Orders Tech Giants to Halt Stablecoin Plans After Central Bank Warning

📢Chinese tech giants Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong following warnings from the People’s Bank of China (PBOC) and the Cyberspace Administration of China (CAC). Regulators reportedly expressed concern over private companies issuing digital currencies that could challenge state control.
Hong Kong introduced its stablecoin regulatory framework in May, requiring licenses from the Hong Kong Monetary Authority (HKMA). Both Ant and JD.com were preparing to join Hong Kong’s pilot program but were told to stand down amid Beijing’s renewed push for stricter financial oversight.

$CFX $SUI #Stablecoin #AntGroup #JDcom #PBOC #HKMA

🇨🇳 JD.com Eyes the Stablecoin Space with 'JCOIN' & 'JOYCOIN' Trademarks
🌐 Chinese e-commerce giant JD.com is taking a bold step into Web3, registering trademarks for “JCOIN” and “JOYCOIN” — signaling a potential stablecoin launch ahead of Hong Kong’s upcoming regulatory framework.
⚖️ With regulatory clarity on the horizon, JD.com appears poised to leverage its vast digital ecosystem to issue fiat-backed digital assets, potentially reshaping payments, loyalty programs, and cross-border commerce.
📉 From retail to crypto rails — is this the next frontier in Asia’s digital finance revolution?
#JDcom #Stablecoin #Web3 #CryptoAdoption #DigitalAssets
https://coingape.com/chinas-jd-com-jcoin-trademark-stablecoin-launch/?utm_source=bnb&utm_medium=coingape

💥【  JD.com Enters Hong Kong Stablecoin Sandbox!】

According to   JD.com VP and Chief Economist Shen Jianguang, the Chinese e-commerce giant has entered the Hong Kong stablecoin sandbox program 🧪

🔍 Highlights:

Hong Kong's stablecoin legislation is still pending, but sandbox trials have started

Traditional giants like JD are actively exploring Web3 infrastructure

Once passed, the Stablecoin Bill will provide detailed regulatory guidelines 📘

📢 Is "Web2 + Web3 + Regulation" becoming the new financial narrative in HK?

#Stablecoin #JDcom

Ant Group and JD.com halt Hong Kong stablecoin plans following regulator orders

Alibaba’s #AntGroup and #JDcom have suspended their plans to issue stablecoins in Hong Kong after receiving directives from Chinese regulators, including the People’s Bank of China and the Cyberspace Administration of China.

Both companies had planned to participate in Hong Kong’s stablecoin pilot program established under the Stablecoin Bill passed in May, which created a licensing framework for fiat-backed issuers.