Chinese regulators stopped ant group and jd.com from launching stablecoins in hong kong over concerns about private currency issuance. Chinese tech giants have shelved their plans to launch stablecoins in hong kong after beijing raised red flags over the growing influence of privately controlled digital currencies 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.
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