Express
Yuan Coin Technology CEO: Stablecoin breakthrough revolves around compliance, will enter business from cross-border payments, virtual asset trading and other scenarios
Summary: In an interview with 21st Century Business Herald, Yuan Coin Technology CEO Liu Yu stated that over the past year, the company has discussed many regulatory aspects with the Hong Kong Monetary Authority, while conducting in-depth research on application scenarios and business strategies. Yuan Coin Technology will enter the stablecoin business from the first batch ...
In an interview with 21st Century Business Herald, Yuan Coin Technology CEO Liu Yu stated that over the past year, the company has discussed many regulatory aspects with the Hong Kong Monetary Authority, while conducting in-depth research on application scenarios and business strategies. Yuan Coin Technology will enter the stablecoin business from the first batch of applications in three scenarios: cross-border trade and payments, a licensed virtual asset exchange in Hong Kong, and Hong Kong's RWA (Real World Asset Tokenization). The 'Stablecoin Regulation' also leaves room for multi-currency stablecoins. Liu Yu mentioned that although Yuan Coin started with the Hong Kong dollar, they hope to issue stablecoins in other currencies in the future. Additionally, Yuan Coin will also make some layout in the RWA field. In previous news, in July last year, the Hong Kong Monetary Authority announced the first batch of three stablecoin issuers, including Yuan Coin Innovation Technology Limited (a subsidiary of Yuan Coin Technology), JD Coin Chain Technology (Hong Kong) Limited, and a consortium composed of Standard Chartered Bank (Hong Kong), AN Group, and Hong Kong Telecom.
Tags:
Link: Yuan Coin Technology CEO: Stablecoin breakthrough revolves around compliance, will enter business from cross-border payments, virtual asset trading and other scenarios [Copy]
