The token economy is setting off the fifth economic wave. JD CoinChain Technology (Hong Kong) Co., Ltd., Standard Chartered Bank, Ansai Group and other financial giants are entering the field of cryptocurrency and challenging the traditional financial order. This is big news!

On July 17, the Hong Kong Treasury and the HKMA announced legislative proposals for the regulatory system for issuers of fiat stablecoins, and announced the list of participants in the "Sandbox" program on the 18th, including JD CoinChain Technology, Yuanbi Innovation Technology, Standard Chartered Bank, Ansai Group and Hong Kong Telecom. This means that Hong Kong has taken an important step in the issuance of fiat stablecoins.

The leaders of the Treasury and the HKMA said that the new system will strengthen the supervision of virtual assets in Hong Kong and ensure financial stability. These institutions have demonstrated their determination and blueprint to develop stablecoin issuance business in Hong Kong, heralding that a financial revolution is coming.

JD's entry into the cryptocurrency world is bound to cause a huge shock in the global financial market.