Stablecoin pegged to Hong Kong dollar unveiled
Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements.
Jingdong Coinlink Technology Hong Kong Limited, a subsidiary of JD Technology Group, has announced that it plans to issue a 1:1 stablecoin linked to the Hong Kong dollar (HKD).
According to an announcement on the official website, the Hong Kong Monetary Authority (HKMA) currently lists the firm as one of The Sandbox Participants.
Although the company is included as a Sandbox Participant by the HKMA, a disclaimer states that it cannot be considered as being “endorsed or granted or deemed to be licensed to issue stablecoin.”
Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements.
Jingdong Coinlink Technology Hong Kong Limited, a subsidiary of JD Technology Group, has announced that it plans to issue a 1:1 stablecoin linked to the Hong Kong dollar (HKD).According to an announcement on the official website, the Hong Kong Monetary Authority (HKMA) currently lists the firm as one of The Sandbox Participants.Although the company is included as a Sandbox Participant by the HKMA, a disclaimer states that it cannot be considered as being “endorsed or granted or deemed to be licensed to issue stablecoin.”Read more