Hong Kong’s first batch of stablecoin issuers has been selected! Of 36 applications, only 2 have been licensed: HSBC, Anchorage Digital Finance
The Hong Kong Monetary Authority has announced the first batch of stablecoin issuer licenses, approving Tidepoint Financial Technology, led by HSBC Bank and Standard Chartered Bank. This regulatory framework is intended to protect users’ rights and interests, promote the use of compliant stablecoins, address financial pain points, and promote the development of digital assets in Hong Kong.
CryptoCity·9m ago