The lobbying effort comes as Hong Kong’s comprehensive stablecoin regulations take effect August 1, 2025, establishing one of the world’s most rigorous frameworks for digital currency issuance.
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Chinese Tech Giants Alibaba and JD.com Urge Central Bank Approval for Yuan-Based Stablecoins
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JD.com and Ant Group is preparing to apply for a Hong Kong stablecoin license immediately after the city’s comprehensive stablecoin regulations that establishes one of the world’s most rigorous frameworks for digital currency issuance.
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