Chinese Tech Giants Halt Stablecoin Projects Amid Beijing Scrutiny
Chinese tech giants Ant Group and JD.com have paused their stablecoin projects in Hong Kong following intervention from Beijing. This decision underscores the increasing regulatory scrutiny on cryptocurrency initiatives, raising concerns about the balance between innovation and government control. The halt could deter investment in the local crypto market and casts uncertainty on the future of digital finance in the region.
Chinese Tech Giants Halt Stablecoin Projects Amid Beijing Scrutiny
Chinese tech giants Ant Group and JD.com have paused their stablecoin projects in Hong Kong following intervention from Beijing. This decision underscores the increasing regulatory scrutiny on cryptocurrency initiatives, raising concerns about the balance between innovation and government control. The halt could deter investment in the local crypto market and casts uncertainty on the future of digital finance in the region.
Why World Pulse Now
Global Coverage
All major sources, one page
Emotional Lens
Feel the mood behind headlines
Trending Stories
Know what’s trending, globally
Read Less, Know More
Get summaries. Save time
Multi-Language
Switch languages to read your way
Save for Later
Your stories, stored for later
Live Stats
Our system has analyzed 5,211 articles worldwide
~217 per hour
570 trending stories shaping headlines
From breaking news to viral moments
Monitoring 198 trusted sources
Major outlets & specialized publications
Latest update 25 minutes ago
Always fresh