- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Industrial and Commercial Bank of China (Asia) and HSBC Express Intent to Apply for Stablecoin License to the Hong Kong Monetary Authority
BlockBeats News, September 8th, according to The Standard, Industrial and Commercial Bank of China (Asia), a subsidiary of Industrial and Commercial Bank of China (ICBC) under Industrial and Commercial Bank of China, has expressed its intention to apply for a stablecoin license to the Hong Kong Monetary Authority, becoming another major Chinese bank to take the same action following Bank of China Hong Kong. HSBC has also expressed its intention to apply for a stablecoin license to the Hong Kong Monetary Authority, but it is currently unclear whether HSBC will formally submit the application by the end of this month.
The Financial Services and the Treasury Bureau has repeatedly stated that only a few stablecoin licenses will be issued in the first phase. However, as of the end of last month, 77 institutions have expressed their intention to apply for a license to the Bureau.
You may also like
Gainers
Latest Crypto News
Kalshi is partnering with Solana to move its prediction market on-chain.
In the past 24 hours, there have been liquidations totaling $974 million across the network, with over 260,000 people being liquidated.
A new wallet deposited 3.448 million USDC into HyperLiquid and entered a 20x leveraged short position worth 38.6 million US dollars in BTC.
Coinbase will list Plasma (XPL)
Fed Future Meetings Risk Seeing Increased Disagreements Fueling Market Volatility
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App