Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention
Chinese technology groups including Ant Group and JD.com have paused plans to issue stablecoins in Hong Kong after regulators in Beijing, notably the People’s Bank of China and the Cyberspace Administration of China, advised against moving forward. The Financial Times reported that the companies had expressed interest in Hong Kong’s pilot stablecoin program and tokenized […]
Share this content:
Post Comment