Wu Blockchain (@WuBlockchain): According to FT, Alibaba’s Ant Group and JD com have paused their plans to issue stablecoins in Hong Kong after receiving instructions from Chinese re…
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According to FT, Alibaba’s Ant Group and JD com have paused their plans to issue stablecoins in Hong Kong after receiving instructions from Chinese regulators, including the PBOC and CAC, to halt the projects. Hong Kong passed a Stablecoin Bill in May establishing a licensing regime for fiat-backed issuers, with both Ant and JD previously saying they would join the pilot. https://t.co/7wmiZWqWcY