🇨🇳 JD.com to Seek Global Stablecoin Licenses Despite Regulatory Hurdles
JD.com, a major Chinese technology firm and e-commerce platform, is preparing to apply for licenses to offer stablecoin services in global markets, according to founder Richard Liu, who made the announcement during a press conference in Beijing.
Liu’s bold vision for global expansion in the stablecoin space appears highly ambitious, as it would require the company to navigate a wide range of regulatory barriers in each jurisdiction — a complex task even for established players in the digital finance sector.
JD.com has been actively exploring blockchain technology for years. As early as 2018, the company launched a joint blockchain research lab in collaboration with the Ying Wu College of Computing at the New Jersey Institute of Technology and the Institute of Software at the Chinese Academy of Sciences.
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