Chinese Tech Giants Freeze Hong Kong Stablecoin Plans After Beijing Raises Digital Currency Concerns
Several of China’s leading technology companies, including Ant Group and JD.com, have suspended their stablecoin projects in Hong Kong following direct intervention from Beijing regulators. The move, which has made waves across global crypto news, underscores China’s determination to maintain firm control over digital currency issuance and its evolving stance toward the semi-autonomous city’s ambitious blockchain technology initiatives. Beijing regulators halt private stablecoin ambitions According…

