JD.com stablecoin has entered the "sandbox" testing in Hong Kong, awaiting the implementation of relevant legislation and regulations
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JD.com has entered the "sandbox" testing phase for the issuance of stablecoins in Hong Kong, and the related legislation is still being advanced. It is expected that after the "Stablecoin Bill" is approved, the Hong Kong Monetary Authority will issue specific guidelines. Stablecoins, as virtual currencies pegged to fiat currencies, are gradually gaining attention. The Hong Kong SAR government submitted the bill to the Legislative Council at the end of last year, aiming to promote financial innovation
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