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Standard Chartered Bank: Actively Studying Hong Kong Stablecoin Regulations, Aims to Submit Application Soon
Summary: According to reports from Hong Kong Radio - Finance, Standard Chartered Hong Kong's CEO for Greater China and North Asia, Mary Huen, stated that the group is actively studying the new stablecoin regulations released by the HKMA, with the goal of submitting an application soon after the 'Stablecoin Regulations' come into effect. Huen mentioned that ...
According to reports from Hong Kong Radio - Finance, Standard Chartered Hong Kong's CEO for Greater China and North Asia, Mary Huen, stated that the group is actively studying the new stablecoin regulations released by the HKMA, with the goal of submitting an application soon after the 'Stablecoin Regulations' come into effect. Huen mentioned that Standard Chartered, along with its partners, has participated in the stablecoin issuer 'sandbox' and is focusing on exploring opportunities in the Hong Kong dollar market. She believes the new regulatory framework will help balance risks, is open to commercial solutions, and trusts that digital assets will play a significant role in the financial system in the future.
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Link: Standard Chartered Bank: Actively Studying Hong Kong Stablecoin Regulations, Aims to Submit Application Soon [Copy]
