Major Banks Vie for Hong Kong’s Scarce Stablecoin Licenses

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Major Banks Vie for Hong Kong’s Scarce Stablecoin Licenses — ICBC, HSBC, Standard Chartered Eye Strategic Market EntryHong Kong’s fiscal regulator has received expressions of involvement from astatine slightest 77 institutions seeking a constricted fig of archetypal stablecoin licenses, arsenic large planetary and determination banks determination to unafraid marketplace position. Industrial and Commercial Bank of China (ICBC) and its Hong Kong arm, ICBC (Asia), reportedly notified the regulator of their intent, joining […]
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