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Hong Kong Awards First Stablecoin Licences to HSBC, Standard Chartered Consortium
Hong Kong has granted its first stablecoin issuer licences to HSBC and a consortium led by Standard Chartered, marking a significant step in the city's ambition to become a global digital asset hub.
10 Apr, 09:09 — 10 Apr, 09:21
The Story
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Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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SCMP
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Geographic diversity— 2 regions9/34
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Sources
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SCMPMostly Factual1h ago
Hong Kong awards stablecoin licences to HSBC, StanChart-led group in long-awaited roll-out
HSBC 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...
By Enoch Yiu
Read full article →channel-news-asiaMostly Factual1h ago
Hong Kong grants first stablecoin licences to StanChart joint venture, HSBC
Read full article →Coverage Timeline
First report: SCMP · 10 Apr, 09:09|Full coverage: 2 · 12m|Window: 12m
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