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Exclusive | Hong Kong poised to grant first stablecoin licences to HSBC, Standard Chartered: sources

2 months ago03 mins

HSBC and a joint venture led by Standard Chartered are expected to be among the first companies to obtain Hong Kong’s stablecoin licences within two weeks, according to people familiar with the matter. The number of licences and timetable had yet to be finalised and remained subject to change, but sources said a possible date…

Crypto industry optimistic about stablecoins in Hong Kong but faces high compliance costs

Cs news11 months ago03 mins

In the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government’s forward-looking stance on the cryptocurrency assets, but its stringent requirements – similar to how it regulated other virtual assets – could be a double-edged sword in the near term. “Regular independent audits and…