JD.com Advances in Hong Kong Stablecoin Sandbox Testing

According to PANews, JD.com's Vice President and Chief Economist, Shen Jianguang, revealed in an interview that the company has entered the stablecoin sandbox testing phase in Hong Kong. The initiative aims to enhance global supply chain efficiency and cross-border payment capabilities through stablecoin issuance. Shen stated that once approved in Hong Kong, the stablecoin could be implemented in multiple countries and regions. However, compliance with various national regulations is necessary. For instance, the European Union's MiCA regulations require establishing a local company and obtaining a license, while Japan allows stablecoin issuance from Hong Kong. JD.com is committed to advancing its global compliance strategy and developing stablecoin infrastructure to support these efforts.