Hong Kong "Renminbi stablecoin issuance rumor not true"
Son Min
Summary
- The Hong Kong Monetary Authority said the reports of renminbi stablecoin issuance are not true.
- It said that issuing and promoting stablecoins in Hong Kong requires an authority license.
- It said that no related license has been issued to date.
The Hong Kong Monetary Authority (HKMA) said that reports that a renminbi stablecoin had been issued in Hong Kong are not true.
On the 24th (local time), industry sources reported that the HKMA said, "The reports that a renminbi stablecoin exclusively for cross-border transactions was recently issued in Hong Kong are not true," and added, "Issuing or promoting a stablecoin in Hong Kong requires a license from the authorities." It is known that Hong Kong authorities have not issued such a license to date.
Earlier, it was reported in communities that the Chinese fintech firm AnchorX announced the launch of the renminbi stablecoin AxCNH in Hong Kong.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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