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by: xpoolPosted on: October 20, 2025

Chinese Tech Giants Halt Hong Kong Stablecoin Plans

China’s move to halt planned stablecoin launches by tech giants like Ant Group and JD.com underscores the country’s cautious approach towards private digital currencies. Beijing authorities, including the People’s Bank of China, intervened last week, raising concerns about the lack of adequate reserve backing for private stablecoins. ]

Related posts:

  1. China Easing Cryptocurrency Restrictions: Yuan-Backed Stablecoins on the Horizon
  2. China Plots Yuan-Backed Stablecoin to Counter Dollar Dominance
  3. China Exploring Yuan-Backed Stablecoins: Major Shift in Crypto Policy
  4. China’s Tech Giants Halt Stablecoin Plans in Response to Regulatory Push
China Cryptocurrency Stablecoin

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