Shock! Chinese Tech Giants Hit the Brakes on Hong Kong’s Stablecoin Dreams! 🚦💰
According to the ever-reliable Financial Times – that revered oracle of business – these magnates had joyously announced their participation in Hong Kong’s pilot stablecoin adventure last summer. But lo and behold, in a twist worthy of the finest soap operas, the talismanic regulators, including the relentless PBoC and the omniscient Cyberspace Administration, have intervened like a stern headmaster. “Nay! Step away from the stablecoin!” they decree.






