Market News: Bank of China (Hong Kong) Plans to Apply for Stablecoin Issuer License

BlockBeats News, September 1st, according to The Standard report, after the joint venture company led by Standard Chartered Hong Kong officially stated its intention to apply for a license, Bank of China Hong Kong plans to apply for a stablecoin issuer license and strive to become one of the first licensed issuers. The deadline for the first batch of applications is the end of September. Bank of China Hong Kong and the Hong Kong Monetary Authority have both declined to comment.