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JD Coin Chain Technology Warns of Fake JD-HKD Digital Currency as Scam Reports Emerge

4 hours ago
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Alert on Fraudulent Activity Involving JD-HKD

In a recent development, JD Coin Chain Technology has been alerted to fraudulent activity involving a digital currency named JD-HKD, which has been falsely attributed to JD.com and listed on popular trading platforms. This duplicitous action not only threatens the integrity and reputation of JD Coin Chain Technology, but also poses risks to users who might unwittingly engage in these deceitful transactions.

Company Response and User Caution

In response to this situation, JD Coin Chain Technology has reached out to various trading platforms, urging them to remove any listings related to this counterfeit currency. Furthermore, the company took proactive steps by issuing a public statement cautioning users against participating in any dealings with JD-HKD or similar currencies.

Commitment to Regulatory Compliance

Moreover, JD Coin Chain Technology emphasized its commitment to regulatory compliance as a member of the Hong Kong Monetary Authority’s stablecoin issuer sandbox. The organization reiterated that until it secures the Hong Kong Stablecoin Issuer License, any currency bearing the JD brand or associated with JD’s name, including any variations like JD Stablecoin, JD-HKD, or JD-USD, are fraudulent in nature and should be avoided by potential investors. The company categorically stated that no governance tokens aside from JD Stablecoin will be issued.

Consumer Reminder

This warning serves as a reminder to consumers to conduct thorough research and proceed with caution in the cryptocurrency landscape, where scams can easily exploit the reputable names of established companies.

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