{"id":13902,"date":"2025-10-20T09:30:45","date_gmt":"2025-10-20T09:30:45","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=13902"},"modified":"2025-10-20T09:07:16","modified_gmt":"2025-10-20T09:07:16","slug":"chine-pekin-stablecoins","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/chine-pekin-stablecoins\/","title":{"rendered":"Chine : P\u00e9kin bloque les projets de stablecoins priv\u00e9s d\u2019Ant et JD"},"content":{"rendered":"<h2>Hong Kong se positionne comme hub stablecoin<\/h2>\n<p><a href=\"https:\/\/www.antgroup.com\/en\" target=\"_blank\" rel=\"\"><strong>Ant Group<\/strong><\/a>, la filiale financi\u00e8re du g\u00e9ant Alibaba, et <a href=\"http:\/\/jd.com\/\" target=\"_blank\" rel=\"\"><strong>JD.com<\/strong><\/a>, son grand rival dans l&rsquo;e-commerce, voyaient Hong Kong comme <strong>un terrain de test parfait <\/strong>pour ses projets<strong>.<\/strong><\/p>\n<p>Ant Group avait notamment planifi\u00e9 de d\u00e9poser <strong>une demande de licence<\/strong> par l&rsquo;interm\u00e9diaire de sa division internationale. De son c\u00f4t\u00e9, JD.com envisageait tr\u00e8s activement l&rsquo;\u00e9mission de jetons num\u00e9riques qui seraient arrim\u00e9s au yuan offshore. Ces entreprises travaillaient d&rsquo;arrache-pied sur<strong> leurs propres stablecoins<\/strong>.<\/p>\n<p>Il faut se souvenir que, depuis de nombreux mois, Hong Kong affiche clairement son grand projet. Elle veut devenir <strong>l&rsquo;une des hubs mondiaux<\/strong> incontournables pour l&rsquo;ensemble des cryptomonnaies.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13907 size-full\" src=\"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine.jpg\" alt=\"Banque centrale chine en P\u00e9kin\" width=\"1600\" height=\"1200\" srcset=\"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine.jpg 1600w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine-300x225.jpg 300w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine-1024x768.jpg 1024w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine-768x576.jpg 768w, https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/10\/Banque-centralechine-1536x1152.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<p>En effet, la ville a m\u00eame franchi une \u00e9tape importante avec l\u2019adoption du <a href=\"https:\/\/www.hkma.gov.hk\/eng\/key-functions\/international-financial-centre\/stablecoin-issuers\/\" target=\"_blank\" rel=\"\"><strong>Stablecoins Ordonnance<\/strong><\/a> en mai 2025. C\u2019est une loi qui encadre l\u2019\u00e9mission de stablecoins adoss\u00e9s aux devises traditionnelles comme le yuan ou le dollar.<\/p>\n<p>Clairement, toute entreprise qui r\u00eave de lancer un stablecoin li\u00e9 \u00e0 fiat doit imp\u00e9rativement <strong>d\u00e9crocher une licence<\/strong>. Elles doivent le demander plus pr\u00e9cis\u00e9ment aupr\u00e8s de l&rsquo;autorit\u00e9 mon\u00e9taire d&rsquo;Hong Kong, la <strong>HKMA<\/strong>. C&rsquo;est une fa\u00e7on intelligente pour Hong Kong de <strong>jeter les bases solides<\/strong> d&rsquo;un environnement crypto bien plus fiable, plus rassurant pour le public.<\/p>\n<p>Avec le feu vert d&rsquo;Hong Kong, on ne peut pas nier que c\u2019est une \u00e9norme opportunit\u00e9 pour les entreprises priv\u00e9es int\u00e9ress\u00e9es par l\u2019\u00e9mission des stablecoins.<\/p>\n<p>Cependant, cet \u00e9lan n\u2019a pas dur\u00e9 longtemps : P\u00e9kin est rapidement intervenu. De plus, cette d\u00e9cision intervient au moment o\u00f9 les stablecoins ont <strong><a href=\"https:\/\/www.coinspeaker.com\/fr\/stablecoins-fuite-capitaux-banques-emergentes-dans-le-viseur\/\">un int\u00e9r\u00eat croissant<\/a> <\/strong>pour les gouvernements.<\/p>\n<h2>Pourquoi P\u00e9kin a serr\u00e9 la vis\u00a0?<\/h2>\n<p>D\u00e8s le mois du juin, plusieurs sources proches du dossier, dont FT, ont r\u00e9v\u00e9l\u00e9 <strong>une intervention muscl\u00e9e<\/strong> de la Banque populaire de Chine (PBoC) et de la Cyberspace Administration of China (CAC). Ces deux r\u00e9gulateurs auraient tout simplement demand\u00e9 \u00e0 Ant Group et JD.com de<strong> mettre sur pause<\/strong> leurs projets de stablecoins bas\u00e9s \u00e0 Hong Kong.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Chinese tech giants pause stablecoin plans after Beijing steps in <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/Q9JzSDzqCC\">https:\/\/t.co\/Q9JzSDzqCC<\/a><\/p>\n<p>&mdash; Financial Times (@FT) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/FT\/status\/1979729445284872426?ref_src=twsrc%5Etfw\">October 19, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Officiellement, P\u00e9kin justifie cette d\u00e9cision par une inqui\u00e9tude bien connue. En effet, laisser des entreprises priv\u00e9es \u00e9mettre leur propre monnaie pourrait<strong> fragiliser l\u2019autorit\u00e9 mon\u00e9taire<\/strong> de l\u2019\u00c9tat. Comme l\u2019a r\u00e9sum\u00e9 un responsable chinois :<\/p>\n<blockquote><p>\u00ab le droit d\u2019\u00e9mettre une monnaie appartient au pouvoir central, pas aux march\u00e9s. \u00bb<\/p><\/blockquote>\n<p>Alors qu&rsquo;Hong Kong voulait s\u00e9duire les investisseurs et les innovateurs \u00e9trangers, P\u00e9kin a pr\u00e9f\u00e9r\u00e9 rappeler que<strong> la souvairenet\u00e9 financi\u00e8re<\/strong> n\u2019est pas une affaire de n\u00e9gociation.<\/p>\n<p>Derri\u00e8re ce durcissement se cache une conviction profonde. Le gouvernement chinois insiste sur le fait que la stabilit\u00e9 financi\u00e8re et le contr\u00f4le de la monnaie sont <strong>des piliers essentiels<\/strong> de la s\u00e9curit\u00e9 nationale. Cette d\u00e9cision nous rappelle celle de la Banque d&rsquo;Angleterre qui a mis <strong><a href=\"https:\/\/www.coinspeaker.com\/fr\/uk-stablecoins-limites-provisoires\/\">un plafond temporaire<\/a><\/strong>\u00a0sur ces types jetons.<\/p>\n<h2>Le r\u00eave hongkongais des g\u00e9ants tech s&rsquo;envole<\/h2>\n<p>Les deux groupes, bien que puissants et proches du pouvoir, ont donc d\u00fb <strong>plier face aux injonctions<\/strong>. Le coup est plus dur pour Ant apr\u00e8s que son introduction en bourse a \u00e9t\u00e9 suspendu en 2020.<\/p>\n<p>L&rsquo;arr\u00eat forc\u00e9 de ces projets<strong> envoie un signal fort<\/strong> \u00e0 l&rsquo;ensemble de l&rsquo;industrie technologique et financi\u00e8re chinoise. Il \u00e9tablit une ligne rouge infranchissable : l&rsquo;innovation dans le domaine des actifs num\u00e9riques ne peut se faire que sous l&rsquo;\u00e9gide de l&rsquo;\u00c9tat.<\/p>\n<p>Pour la Chine, elle promeut activement son<strong> <a href=\"https:\/\/www.coinspeaker.com\/fr\/chine-lancer-stablecoins-adosses-yuan\/\">propre yuan num\u00e9rique<\/a><\/strong>, le e-CNY. Il s&rsquo;agit d&rsquo;une monnaie digitale de banque centrale (MDBC) soigneusement contr\u00f4l\u00e9e par la PBoC.<\/p>\n<p>Autoriser des stablecoins priv\u00e9s aurait cr\u00e9\u00e9 une concurrence directe et non d\u00e9sir\u00e9e pour cette initiative d&rsquo;\u00c9tat. Pour P\u00e9kin, il est hors de question de laisser le secteur priv\u00e9 empi\u00e9ter sur ce qui est consid\u00e9r\u00e9 comme un domaine r\u00e9galien par excellence.<\/p>\n<hr \/>\n<p>\u00c0 lire aussi :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/neuf-banques-europeennes-collaborent-lancer-stablecoin-euro\/\">Neuf grandes banques europ\u00e9ennes collaborent pour lancer un stablecoin en euro<br \/>\n<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/eurod-stablecoin-euro-oddo-bhf\/\">EUROD : le stablecoin en euros version banque traditionnelle<br \/>\n<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/blackrock-fonds-genius-act-stablecoins\/\">BlackRock d\u00e9voile un fonds conforme au GENIUS Act pour les stablecoins<\/a><\/li>\n<\/ul>\n<a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/rendre-millionnaire-zoom-sur-best-wallet\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Le paysage financier chinois vient de subir un s\u00e9rieux coup de frein. Les ambitieux projets de stablecoins port\u00e9s par les g\u00e9ants Ant Group et JD.com \u00e0 Hong Kong ont \u00e9t\u00e9 brutalement interrompus. La raison ? Une opposition ferme et directe des r\u00e9gulateurs de P\u00e9kin, rappelant qu\u2019il ne saurait y avoir de monnaie priv\u00e9e \u00e9chappant au contr\u00f4le de l\u2019\u00c9tat.<\/p>\n","protected":false},"author":200,"featured_media":13910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,42],"tags":[],"class_list":["post-13902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu","category-reglementation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chine : P\u00e9kin bloque les projets de stablecoins priv\u00e9s d\u2019Ant et JD<\/title>\n<meta name=\"description\" content=\"P\u00e9kin bloque les projets de stablecoins priv\u00e9s des firmes Ant et JD \u00e0 Hong Kong, r\u00e9affirmant le contr\u00f4le \u00e9tatique sur la 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Roux","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","url":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","contentUrl":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","caption":"Emmanuel Roux"},"description":"Issu de la finance traditionnelle, j\u2019ai naturellement bascul\u00e9 vers l\u2019univers crypto, attir\u00e9 par son potentiel. Je souhaite y apporter mon approche analytique et rationnelle, tout en conservant ma curiosit\u00e9. En dehors de l\u2019\u00e9cran, je lis beaucoup (\u00e9conomie, essais, un peu de science-fiction) et je prends plaisir \u00e0 bricoler. Le DIY, pour moi, c\u2019est comme la crypto : comprendre, tester, construire soi-m\u00eame.","url":"https:\/\/www.coinspeaker.com\/fr\/author\/emmanuel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/comments?post=13902"}],"version-history":[{"count":3,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13902\/revisions"}],"predecessor-version":[{"id":13911,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13902\/revisions\/13911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media\/13910"}],"wp:attachment":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media?parent=13902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/categories?post=13902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/tags?post=13902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}