ICBC Asia, HSBC Reportedly Interested in Applying for HK’s First Stablecoin Issuer Licenses

ICBC Asia and HSBC expressed their intention to the Hong Kong Monetary Authority (HKMA) to apply for the first batch of stablecoin issuer licenses in Hong Kong, the Hong Kong Economic Journal reported, citing sources.

However, it is currently uncertain whether HSBC will formally submit the application by the end of this month.

Sources: AASTOCKS

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