China -A -Commerce giant JD.com has allegedly registered a possible stabechoin rollout institutions a few days before Hong Kong’s Stabecrim Rules came into effect.
JD.com, often referred to as Amazon of China, has registered two potential stabecon-linked institutions, JCOIN and Joycoin on Tuesday for a report by Hong Kong News Outlet Ming Pao through its Fintech assistant, JD Coinlink Technology.
The JD Coinlink is one of the official participants in the StableCoin issuer Sandbox program by the Hong Kong Monetary Authority (HKMA) launched last year.
On the JD Coinlink website, the upcoming “jingdong stablecoin” is 1: 1 for the Hong Kong dollar and a mission released with a mission to lead a major digital currencies with a mission on a public blockchain. Business and individual.
Stabechoin regime of HKMA begins
JD.com of JD.com, launched in March 2024, as part of Stabelcoin Sandbox, reported a year after the Stabecrim started Stabecrims with the objective of the stabeloin entity registration of JD.com.
In addition to the JD Coinlinks, Sandbox also included RD Inotech and Hong Kong Kong Division of RD Inotech and Standard Founded Bank with Hong Kong Kong Telecom.
JD Coinlink removed its plans for Hong Kong Dollar Stabelcoin, soon HKMA published the Sandbox announcement in July last July.
Hong Kong has so far removed licensed issuers
After completing the preparation stage, HKMA is expected to implement its regulatory rule for the StableCoin issue this Friday.
Hong Kong Central Bank has not yet announced licensed stabelcoin issuers, as Think,, the licensed stabelcoin issuers are not currently listed in their register.
“With the arrival of HK StableCoin regime in August, everyone in August, China and HK, is talking about Stabyin,” CEO of Red Date Technology Hei Yifan told Cointelegraph in mid -July.
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“It will be very interesting and will include some new innovations and rules for the Crypto industry,” he said, “
“For example, we are emphasizing for a process for kycing (learn your custom-based stabechoin wallet with an anonymous private key signatures from the government-edged DIDS (decentralized identifiers).”
The JD has been reported on Friday, removing the names of the issued issuers to launch Hong Kong Dollar Stabelcoins with HKMA.
Next to the official launch, the JD Coinelink website warns users to be careful of fraud, emphasizing that Stabelcoin has not been released.
Cointelegraph contacted JD.com and JD Coinlink for comment about JCOIN and JoyCoin registration reports, but did not react at the time of publication.
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