JD.com has denied rumors about exiting the stablecoin sector and confirmed its intentions to intensify activities in Hong Kong.
Denial of Exit Rumors
JD.com has denied rumors about exiting the stablecoin market. The company confirmed its active involvement in this segment, highlighting preparations for obtaining licenses in Hong Kong.
Licensing Preparations in Hong Kong
JD.com announced its plans to acquire regulatory licenses under Hong Kong's new legal framework. This will ensure the legality and compliance of its operations.
Participation in HKMA Initiative
JD CoinChain, the company's fintech subsidiary, leads JD.com's stablecoin initiatives. Under the leadership of CEO Liu Peng, the team focuses on legitimate launches and real-world use cases, including cross-border transactions. JD.com continues to participate in HKMA's sandbox, which could lead to advancements in blockchain-based payments.
JD.com maintains confidence in its financial strategy by actively participating in stablecoin development and striving to comply with new regulatory standards in Hong Kong.
