Chinese tech giants suspend stablecoin plans after Beijing intervenes, reports Financial Times
(Reuters) -Chinese tech giants including Alibaba-backed Ant Group and e-commerce group JD.com have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of private sector-controlled currencies, the Financial Times reported on Saturday. The companies have put their stablecoin ambitions on hold after receiving instructions from Chinese regulators, including…