可以說Web3.0是過去兩年中國內支付機構的熱門話題

可以說Web3.0是過去兩年中國內支付機構的熱門話題，從NFT，Metaverse到加密貨幣，尤其是與StableCoin相關的內容。

As the saying goes, "hot topics come in waves". In the past two years, Web3.0 has been a hot topic among domestic payment institutions, starting with NFT, Metaverse, and cryptocurrency, especially stablecoin-related content.

俗話說，“熱門話題陣陣浪潮”。在過去的兩年中，Web3.0一直是國內支付機構中的熱門話題，從NFT，Metaverse和Cryptocurrency開始，尤其是與StableCoin相關的內容。

Following the domestic ban on cryptocurrency-related industries in 2021, cryptocurrency seemed to have disappeared from the vision of domestic payment institutions. However, with the increasing demand for stablecoins in global trade, international and domestic payment giants have renewed their focus on stablecoin payments.

在2021年國內禁止與加密貨幣相關的行業禁止之後，加密貨幣似乎從國內支付機構的願景中消失了。但是，隨著全球貿易中對穩定幣的需求不斷增長，國際和國內付款巨頭已經重新專注於穩定付款。

So which domestic licensed payment institutions have "entered" stablecoins, and what issues are worth paying attention to?

那麼，哪些國內許可的付款機構已經“輸入”了Stablecoins，哪些問題值得關注？

1. Prohibition

1。禁止

In September 2021, the People's Bank of China, the Cyberspace Administration of China, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, along with other ten ministries and commissions, jointly issued the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation".

2021年9月，中國人民銀行，中國的網絡空間管理，最高人民法院，最高人民的採購方，工業和信息技術部，公共安全部，國家監管部，國家監管部，中國銀行業和保險監管委員會，中國證券監管委員會以及國外的國外委員會以及國外的國際機構，以及特務公司，以及特殊的委員會，以及特殊的委員會，'處理虛擬貨幣交易投機的風險”。

The notice clearly stated that virtual currency-related business activities are illegal financial activities, and that overseas virtual currency exchanges providing services to residents in my country through the Internet are also illegal financial activities.

該通知清楚地指出，虛擬貨幣相關的商業活動是非法的財務活動，並且通過互聯網向我國為居民提供服務的海外虛擬貨幣交易所也是非法的財務活動。

The joint release by so many departments signifies that almost all virtual currency-related market activities are prohibited. Up to now, there are no updated laws and regulations to lift the ban or provide further explanation. This makes it impossible for any virtual currency businesses to operate in mainland China or serve residents of the country.

許多部門的聯合發布表明，幾乎所有與虛擬貨幣相關的市場活動都被禁止。到目前為止，還沒有更新的法律法規來解除禁令或提供進一步的解釋。這使得任何虛擬貨幣企業都無法在中國大陸開展業務或為該國的居民提供服務。

Prior to this, major companies had also expressed their stances.

在此之前，主要公司還表達了自己的立場。

In 2018, Tencent stated that it has always adhered to the principle of resolutely not providing any related services for illegal financial activities such as "issuance of ICO tokens at home and abroad, virtual currency transactions", including not providing related payment channels, advertising services, or any other businesses.

Tencent在2018年表示，它始終堅持不堅定地不為非法財務活動提供任何相關服務，例如“在國內和國外發行ICO代幣，虛擬貨幣交易”，包括不提供相關的付款渠道，廣告服務，廣告服務或任何其他企業。

Moreover, Ma Huateng made it clear during the two sessions that year that Tencent would not issue virtual currency, as blockchain technology is still in its early stages of development and needs to establish an effective application model, and once the currency is issued, it will cause a series of regulatory issues. But Tencent has never stopped exploring blockchain technology and its applications.

此外，在那一年的兩個會議期間，Ma Huateng明確表示，Tencent不會發行虛擬貨幣，因為區塊鏈技術仍處於開發的早期階段，並且需要建立有效的應用模型，並且一旦發行了貨幣，它將引起一系列的監管問題。但是Tencent從未停止探索區塊鏈技術及其應用。

In June 2021, Alipay also issued a statement prohibiting the use of the company's services for virtual currency transactions such as Bitcoin, while continuing to carry out comprehensive inspections and crackdowns on virtual currency transactions.

2021年6月，Alipay還發表了一份聲明，禁止將公司服務用於虛擬貨幣交易（例如比特幣），同時繼續對虛擬貨幣交易進行全面的檢查和鎮壓。

However, with the passage of time, the development of global stablecoin payments has exceeded many people's expectations, and the integration of Web2.0 payments (traditional payments) and Web3.0 payments has become an industry hotspot.

但是，隨著時間的流逝，全球穩定付款的發展超出了許多人的期望，Web2.0付款（傳統付款）和Web3.0付款的整合已成為行業熱點。

2. Enter the Game

2。輸入遊戲

Due to the ban in mainland China, many companies that want to get involved in cryptocurrency have reached a consensus: they should not conduct business in mainland China, serve mainland Chinese residents, or even touch any RMB-related business. At present, there are clear signs that the affiliated companies of licensed payment institutions which have entered cryptocurrency-related businesses overseas include JD.com (Online Banking), Ant Group (Alipay), LianLian, YeePay, etc.

由於中國大陸的禁令，許多想要參與加密貨幣的公司達成了共識：他們不應在中國大陸開展業務，為中國大陸居民提供服務，甚至觸摸與RMB相關的任何業務。目前，有明確的跡象表明，在海外與加密貨幣相關的企業的許可支付機構的附屬公司包括JD.com（在線銀行），Ant Broup（Alipay），Lianlian，Yeepay等。

In July 2024, the Hong Kong Monetary Authority announced the first batch of "Stablecoin Issuer Sandbox", including five institutions such as JD CoinChain Technology (Hong Kong) Co., Ltd. Among them, JD's affiliated companies applied for and obtained permission from the Hong Kong government to participate in the research and development of stablecoins. Its official website shows that JD's stablecoin is about to be launched.

2024年7月，香港貨幣管理局宣布了第一批“ Stablecoin發行人沙箱”，其中包括五個機構，例如JD Coinchain Technology（Hong Kong）Co.它的官方網站顯示JD的Stablecoin即將推出。

JD's stablecoin is pegged to the Hong Kong dollar (HKD) at a 1:1 ratio. It is based on a public blockchain and aims to become one of the leading digital currencies for enterprises and individuals seeking efficient, economical, and secure payment solutions.

JD的Stablecoin以1：1的比例固定在香港美元（HKD）上。它基於公共區塊鏈，旨在成為尋求高效，經濟和安全付款解決方案的企業和個人的領先數字貨幣之一。

Shortly after, AirstarBank, a subsidiary of Xiaomi (whose payment institution is Jifu Ruitong), announced its cooperation with JD Coin Chain to explore cross-border payment solutions for enterprises based on stablecoins. Therefore, Xiaomi is also openly involved in stablecoin payments.

不久之後，小米（其付款機構是Jifu Ruitong）的子公司Airstarbank宣布與JD Coin Chain合作，以探索基於StableCoins的企業的跨境支付解決方案。因此，小米也公開參與穩定付款。

In addition, in August 2024, Ant International launched a pilot project of "DBS Treasury Tokens" in cooperation with DBS Bank to improve treasury and liquidity management. The pilot runs on its permissioned blockchain, facilitating Ant International's multi-currency treasury and liquidity management in various markets.

此外，在2024年8月，ANT International與DBS Bank合作推出了“ DBS國庫令牌”的試點項目，以改善財政部和流動性管理。該飛行員在其許可的區塊鏈上運行，促進了Ant International在各個市場中的多階段財政部和流動性管理。

In December 2024, LianLian Digital's wholly-owned subsidiary DFX Labs obtained the Hong Kong VATP virtual asset trading platform license.

2024年12月，Lianlian Digital的全資子公司DFX實驗室獲得了香港VATP虛擬資產交易平台許可證。

There is another Web3.0 enterprise with the "gene" of Yibao, which has also received high attention recently, and that is Kun. In February 20

Yibao的“基因”還有另一個Web3.0企業，最近也受到了高度關注，這就是Kun。 2月20日