《Ming Pao》: JD.com has registered "JCOIN" and "JOYCOIN," expected to be the names of its stablecoins

BlockBeats News, July 29th. According to Ming Pao, the Hong Kong Stablecoin Regulation will take effect in August. Local media cited a registration document indicating that JD.com's JD Coin Chain has registered "JCOIN" and "JOYCOIN," with some pointing out that these names are likely the names of its stablecoins.

As per the registration document cited in the report, the services related to "JCOIN" and "JOYCOIN" include providing electronic fund transfers and cryptocurrency financial transactions through blockchain technology.

JD Coin Chain is one of the Stablecoin Issuers participating in the Hong Kong Monetary Authority's sandbox. In July last year, it collaborated with Stardust Bank, a local virtual bank supported by companies such as Xiaomi and Futu, to explore a new enterprise cross-border payment solution based on stablecoins within the sandbox.