JD Coin Chain Technology Addresses False Reports, Plans Stablecoin License Application

JD CoinChain addresses market rumors of exiting Hong Kong's stablecoin sector and confirms ongoing preparations to apply for a Hong Kong stablecoin license, promising further details on its official website.

Summary

JD Coin Chain Technology issued an official press release on August 5 refuting market rumors that it and other companies might exit the Hong Kong stablecoin business. The company confirmed it is preparing to apply for a Hong Kong stablecoin license and will share additional updates on its official website.

Terms & Concepts
  • stablecoin license: A regulatory approval needed for issuing a cryptocurrency pegged to a fiat asset, here specifically for operations in Hong Kong.