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Major Banks Compete for Stablecoin Licenses in Hong Kong
CryptocurrencyStablecoin LicensesUpdated a day ago

Major Banks Compete for Stablecoin Licenses in Hong Kong

Major banks, including HSBC and ICBC, are actively competing for limited stablecoin licenses in Hong Kong, reflecting a significant interest in digital currencies. Reports indicate that ICBC and Standard Chartered are likely to receive initial approvals soon, marking a new era for digital finance in the region.

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Major Banks Vie for Hong Kong’s Scarce Stablecoin Licenses
PositiveCryptocurrency
Major banks like HSBC and ICBC are competing for limited stablecoin licenses in Hong Kong, signaling a growing interest in digital currencies.
Editor’s Note: This competition among major banks highlights the increasing importance of stablecoins in the financial landscape. As these banks vie for licenses, it could lead to more innovation and investment in digital currencies, benefiting the economy and consumers.
HSBC, ICBC eye Hong Kong stablecoin licenses under new regime: Report
PositiveCryptocurrency
HSBC and ICBC are planning to apply for stablecoin licenses in Hong Kong, with ICBC and Standard Chartered expected to receive initial approvals soon.

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