China Orders Ant Group and JD.com to Suspend Hong Kong Stablecoin Projects – Here’s Why
TLDR Ant Group and JD. com have halted their Hong Kong stablecoin projects after Beijing regulators raised concerns about private firms issuing digital currencies The People’s Bank of China and Cyberspace Administration told the companies that only the state should have authority to issue money Both companies had planned to apply for stablecoin licenses under Hong [.] The post China Orders Ant Group and JD. com to Suspend Hong Kong Stablecoin Projects Here’s Why appeared first on CoinCentral.