Ant Group Denies Rumors of Plans For Rare Earth Stablecoins With PBoC
Main Idea
The article discusses the use of cookies for website functionality and security, and mentions Chinese e-commerce firms' interest in Hong Kong's stablecoin regime.
Key Points
1. Cookies are used for detecting spam, distinguishing between humans and bots, and improving website security.
2. Some cookies collect data on user behavior, preferences, and visits for internal optimization and statistics.
3. Chinese e-commerce firms show strong enthusiasm for Hong Kong’s stablecoin regime, aiming to integrate it into their payment networks.
4. Ant Group is involved in blockchain projects, including plans for stablecoins backed by the Hong Kong dollar to reduce cross-border payment costs and time.
Description
The tech giant has rebuffed stories published on Chinese social media linking it to rare earth-backed coins.
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