Hong Kong Monetary Authority responds to 'Ant Group and JD.com suspending stablecoin plans': No comment on market rumors According to Hong Kong Wireless News, in response to reports from insiders claiming that Ant Group under Alibaba and e-commerce giant JD.com have suspended their plans to issue stablecoins in Hong Kong, a spokesperson for the Hong Kong Monetary Authority (HKMA) stated that they 'do not comment on market rumors.' HKMA Chief Executive Eddie Yue previously stated that the threshold for stablecoin licenses is high. Issuers must have application scenarios and meet requirements for reserve asset management, stabilization mechanisms, redemption policies, and anti-money laundering compliance. It is expected that only a few will be granted licenses. As of the end of September, 36 institutions have submitted stablecoin license applications, with the first batch of licenses expected to be issued early next year. https://www.(techflowpost.com)/newsletter/detail_102601.html