Chinese Regulators Block Ant Group and JD.com Stablecoin Plans in Hong Kong

TLDR Ant Group and JD.com paused stablecoin plans in Hong Kong after Chinese regulators instructed them to stop The People’s Bank of China raised concerns about private companies issuing currency Hong Kong passed a stablecoin licensing regime in May 2025 to regulate fiat-backed digital currencies Both tech companies had announced participation in Hong Kong’s pilot [...]

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