币界网报道：JD.com has denied reports of launching its own stablecoin, clarifying that it has no plans to issue digital currencies amid ongoing regulatory uncertainty in China. The e-commerce giant responded to recent speculation triggered by a trademark application for "JD Coin," stating the filing was merely defensive branding protection. Industry analysts note JD's cautious stance reflects broader corporate hesitancy around cryptocurrency ventures under China's strict digital asset policies, which banned crypto trading in 2021 but allow blockchain technology development. The clarification comes as Hong Kong emerges as a potential stablecoin hub, with its government recently completing a regulatory framework consultation. While mainland China maintains its prohibition, Hong Kong's progressive approach has attracted crypto firms like Circle and Tether to establish regional operations. JD's statement underscores the divergent paths in Greater China's digital currency landscape, where companies navigate complex cross-border regulatory environments. The trademark filing had initially sparked speculation about JD joining tech rivals exploring Web3 payments, following similar moves by Alibaba's Ant Group and Tencent in Hong Kong's more crypto-friendly jurisdiction.