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

On July 29, according to the "Ming Pao" report, the Hong Kong stablecoin regulations will take effect in August. Local media cited registration information indicating that JD.com's JD Coin Chain has registered "JCOIN" and "JOYCOIN," which are reportedly the names of its stablecoins. According to the registration information cited in the aforementioned report, the services involved with "JCOIN" and "JOYCOIN" include providing electronic fund transfers and Crypto Assets financial transactions through Blockchain technology. JD Coin Chain is one of the sandbox participants for stablecoin issuers under the Hong Kong Monetary Authority, which last July collaborated with local virtual bank Starling Bank, supported by Xiaomi and Futu, to explore new solutions for enterprise cross-border payments based on stablecoins in the sandbox.