- JD.com filed trademarks for “JCOIN” and “JOYCOIN” and plans to launch a Hong Kong dollar-pegged stablecoin.
- Hong Kong releases its stablecoin regulation framework on August 1, with selective licensing for about 50 applicants.
- The company aims to cut cross-border payment costs by 90% and reduce transaction times to ten seconds.
Chinese e-commerce giant JD.com has filed trademark applications for “JCOIN” and “JOYCOIN” as the company prepares to enter the stablecoin market. The move positions JD.com ahead of Hong Kong’s forthcoming stablecoin regulation framework.
The trademark registrations cover blockchain-based fund transfers and cryptocurrency transactions. This development follows JD.com’s earlier announcement of launching a Hong Kong dollar-pegged stablecoin called JD Stablecoin.
JD.com Targets Global Stablecoin Market
JD.com plans to issue its stablecoin on a public blockchain with a 1:1 peg to the Hong Kong dollar. Chairman Richard Liu Qiangdong outlined ambitious expansion plans for the digital currency initiative.
“JD.com intends to secure stablecoin licenses across key currency markets globally to reduce cross-border transaction costs by 90 percent and improve efficiency within ten seconds,” Liu stated. The company aims to establish JD stablecoin as a universal payment method worldwide.
The e-commerce platform seeks to leverage stablecoins for international commerce and cross-border payments. JD.com’s entry into digital currencies reflects growing corporate adoption of blockchain technology for financial services.
Hong Kong Stablecoin Framework Launches August 1
Hong Kong authorities will release the Stablecoin Ordinance on August 1, creating formal governance structures for digital currency operations. The regulatory framework comes as approximately 50 companies have applied for stablecoin licenses in the territory.
Hong Kong Monetary Authority Chief Executive Eddie Yue indicated that license approvals will be selective. According to HKMA assessments, many applications lack concrete implementation plans and risk management strategies.
The new regulation prohibits offering or promoting unlicensed fiat-backed stablecoins. Violations carry penalties of up to $6,300 in fines and six months imprisonment. The framework aims to reduce speculative trading risks while ensuring digital assets comply with established financial regulations.
Hong Kong’s Policy Statement 2.0 emphasizes creating clear operational guidelines for stablecoin issuers. The regulatory approach balances innovation support with consumer protection measures.
JD.com’s trademark filings demonstrate strategic positioning within Hong Kong’s emerging stablecoin ecosystem. The company joins other major corporations exploring regulated digital currency opportunities in the region.
The stablecoin market continues to expand as traditional businesses integrate blockchain-based payment solutions. JD.com’s initiative represents significant corporate backing for developing Hong Kong’s digital finance sector.
Disclaimer
The content shared on KryptoVaultDaily is for informational purposes only and does not constitute financial or trading advice. We do not offer guarantees and assume no responsibility for investment decisions based on the material provided. Always research and seek guidance from a licensed financial advisor before trading cryptocurrency or investing.
