JD Coin Chain clarifies rumors about exiting the Hong Kong stablecoin business.

August 6, 2025 09:42
Recently, the Hong Kong digital finance sector has been stirred by a market rumor—reports suggest that several institutions, including JD.com, are planning to exit the Hong Kong stablecoin business. This statement has sparked ongoing discussions in industry communities and financial news platforms, and even temporarily affected the market's judgment on the pace of Hong Kong's stablecoin sector layout.
As one of the core subjects involved in the rumors, JD Coin Chain, which is responsible for digital asset-related businesses under JD.com, has recently responded swiftly. In its official statement, it explicitly mentioned that the team has promptly noticed these false reports and rumors, and attaches great importance to them. The statement emphasizes that the so-called "exit from the Hong Kong stablecoin business" is seriously inconsistent with the facts; JD Coin Chain not only has not considered exiting but is instead steadily advancing the preparation work for the application of the Hong Kong stablecoin license as planned.
In terms of specific progress, the JD Coin Chain has revealed that the team has formed a special group composed of experts from various fields such as compliance, technology, and financial business, focusing on refining the application requirements for licenses in accordance with Hong Kong's "Stablecoin Regulatory Framework" and related guidelines. On the compliance side, the team is systematically sorting out the business structure and existing operational models to ensure complete alignment with Hong Kong's regulatory core requirements for stablecoin issuers, including capital adequacy, reserve asset management, anti-money laundering (AML), and customer due diligence (CDD). On the technical side, iterative optimization is being conducted on the underlying blockchain architecture security, transaction efficiency, and cross-chain compatibility of the stablecoin to meet the demands of future large-scale application scenarios.
At the same time, JD Coin Chain stated that it has maintained regular communication with relevant regulatory agencies in Hong Kong, actively providing feedback on the progress and questions during the business preparation process, ensuring that the application work is always carried out within a compliance framework. Regarding the false information in the market, it calls on all sectors of the industry to rely on official information, not to believe or spread rumors, and to jointly maintain a healthy information environment in the digital finance sector.
It is worth noting that since the implementation of the "Stablecoin Regulatory Ordinance" in Hong Kong in 2023, it has become one of the clearest regions globally regarding stablecoin regulatory frameworks, attracting numerous entities including traditional financial institutions and technology companies to establish a presence. The clear statement from JD Coin Chain not only clarifies market concerns but also reflects the confidence of leading institutions in Hong Kong's digital financial ecosystem. Industry analysis suggests that as more institutions complete license applications and officially commence operations, Hong Kong is expected to accelerate the formation of a mature stablecoin application ecosystem, further consolidating its position as an international digital financial hub.