China's Tech Giants Halt Hong Kong Stablecoin Plans

Why did Ant Group and JD.com suddenly halt their stablecoin plans in Hong Kong? Chinese regulators stepped in, raising concerns about private companies controlling digital currencies and putting a stop to these potentially game-changing payment projects. Find out how this move highlights the delicate balance between tech innovation and government oversight in China's digital finance landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.