JD Coin Chain Technology warns users about the counterfeit JD-HKD cryptocurrency on official exchanges.

The company confirms that it only issues the legally valid JD Stablecoin Token under the supervision of the Hong Kong Monetary Authority, and all other Tokens named JD or partners are scams to be avoided.

MAIN CONTENT

  • Counterfeit JD-HKD cryptocurrency appeared on official exchanges, causing users to be scammed.

  • JD Coin Chain Technology is the only entity to issue valid JD Stablecoin Tokens within the sandbox framework of the Hong Kong Monetary Authority.

  • The company is committed to transparently publishing official information through its website and reputable media channels, helping to ensure the protection of users' rights.

How did JD Coin Chain Technology detect the counterfeit cryptocurrency JD-HKD?

According to official information, JD Coin Chain Technology has detected some individuals issuing the cryptocurrency named JD-HKD on major exchanges to scam users.

This incident not only harms the rights of JD Coin Chain Technology itself but also seriously affects the investors participating in transactions. The company has coordinated with many exchanges to remove these counterfeit Tokens as soon as they are discovered.

We are committed to protecting users from all forms of fraud in the cryptocurrency market, especially counterfeit coins that cause confusion and financial damage.

Mr. Luu Minh, CEO of JD Coin Chain Technology, July 2024

Which Tokens has JD Coin Chain Technology officially issued?

JD Coin Chain Technology is one of three members selected by the Hong Kong Monetary Authority to participate in the sandbox program to develop stablecoin, fully complying with legal regulations on Token issuance.

Before being officially licensed, only the Token named JD Stablecoin is legally issued. Other Tokens named JD-HKD, JD-USD, or Tokens representing JD or partners are counterfeit, unrecognized, and should be avoided.

How can users recognize valid Tokens of JD Coin Chain Technology?

The company only publishes information on the official website and verified media channels. Users should carefully check the source of Token issuance and avoid transactions through unclear channels to minimize the risk of losing money.

What is the role and objective of JD Coin Chain Technology in the stablecoin market in Hong Kong?

JD Coin Chain Technology is one of three pioneering units operating the stablecoin project within the sandbox environment of the Hong Kong Monetary Authority.

The company focuses on building a transparent cryptocurrency ecosystem, complying with regulations to support global businesses in cross-border payments and individuals in daily transactions with optimal costs and high performance.

Our stablecoin project not only ensures regulatory compliance but also aims to reduce transaction costs, enhance liquidity, and simplify international payments.

Ms. Tran Thuy An, Development Director at JD Coin Chain Technology, mid-2024

Important notes for cryptocurrency participants and investors regarding JD Coin Chain Technology?

Users need to be cautious of counterfeit Tokens under the JD name. Always check official information on the JD Coin Chain Technology website to protect financial rights. Participating in transactions on unlicensed Tokens will lead to unnecessary losses.

JD Coin Chain Technology advises against participating in Token purchases on unverified exchanges, while also monitoring the latest announcements to update on product development.

Frequently Asked Questions

Does JD Coin Chain Technology issue multiple types of Tokens?

Currently, JD Coin Chain Technology only legally issues the JD Stablecoin Token within the sandbox framework of the Hong Kong Monetary Authority.

How to avoid being scammed by counterfeit JD-HKD Tokens?

Users need to verify Token information carefully through the official website of JD Coin Chain Technology and avoid trading Tokens of unclear origin.

In which program of the Hong Kong Monetary Authority does JD Coin Chain Technology operate?

The company participates in the stablecoin issuer sandbox program to implement and test the project in compliance with legal regulations.

What plans does the company have to support cross-border payments?

JD Coin Chain Technology is developing a stablecoin ecosystem to reduce costs and enhance payment efficiency for businesses and individuals globally.

Where is the official information of JD Coin Chain Technology updated?

Update information is only posted on the official website and recognized media channels of JD Coin Chain Technology.

Source: https://tintucbitcoin.com/jd-coinchain-denies-issuing-stablecoin/

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