Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention

Chinese exertion groups including Ant Group and JD.com person paused plans to contented stablecoins successful Hong Kong aft regulators successful 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 involvement successful Hong Kong’s aviator stablecoin programme and tokenized […]