According to Foresight News, citing reports from Meiing Network, Jingdong Group's Vice President and Chief Economist Shen Jianguang stated that JD has currently entered the "sandbox" testing phase for stablecoin issuance in Hong Kong. The stablecoin-related legislation in Hong Kong is still being advanced, and there are no clear provisions yet. It is expected that after the "Stablecoin Ordinance Draft" is approved, the Hong Kong Monetary Authority can officially issue specific implementation details for stablecoins.
JD Group Vice President: JD Stablecoin has entered the Hong Kong "Sandbox" test
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