Caixin: JD Has Not Withdrawn Its Stablecoin License Application
BlockBeats News, February 2nd, according to Caixin, earlier reports claimed that JD Coin Chain Technology (Hong Kong), a subsidiary of JD that had allegedly withdrawn from the first batch of Hong Kong stablecoin license competition, did not actually withdraw its stablecoin license application. JD Coin Chain Technology (Hong Kong) is one of the three major test subjects in the stablecoin testing sandbox.
In addition, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated after the Financial Affairs Panel meeting on February 2, 2026, that a total of 36 institutions had submitted stablecoin license applications, including banks, technology companies, brokerages, asset management firms, investment companies, e-commerce businesses, payment institutions, startups/web3 companies, etc., with Standard Chartered Bank (Hong Kong) being highly regarded due to being one of Hong Kong's three note-issuing banks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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