Summary
- Bank of China plans to apply for a stablecoin license.
- It reported that the 1st application deadline for a stablecoin issuer license in Hong Kong is the end of September.
- The introduction of regulatory licenses related to stablecoins is expected to have a significant impact on the related market.
On the 1st (Korean time), the Hong Kong Economic Journal reported that Bank of China plans to apply for a stablecoin (virtual asset whose value is linked to fiat currency) issuer license, according to an official letter of intent from a joint venture led by Standard Chartered's Hong Kong branch.
The first application deadline for a Hong Kong stablecoin issuer license is the end of September.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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