Source: Tech – South China Morning PostHSBC and a consortium led by Standard Chartered have been awarded Hong Kong’s first stablecoin issuer licences, marking the city’s latest step towards embracing cryptocurrency’s most-traded cash substitute in its bid to become a global digital asset hub.
Eight months after Hong Kong’s Stablecoin Ordinance, one of the world’s first such laws, took effect, two issuers were given the green light to conduct business, the Hong Kong Monetary Authority (HKMA) announced on Friday. The authority had…Read More