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Moody's: Hong Kong Stablecoin Regulations Positively Impact Banks and Securities Companies Issuing Stablecoins
Summary: Moody's, one of the world's largest rating agencies, stated that the clarity of Hong Kong's 'Stablecoin Regulations' is expected to enhance market confidence and promote the long-term application of stablecoins. This will have a positive credit impact on Hong Kong banks becoming licensed stablecoin issuers and Hong Kong securities companies holding virtual asset trading licenses. ...
Moody's, one of the world's largest rating agencies, stated that the clarity of Hong Kong's 'Stablecoin Regulations' is expected to enhance market confidence and promote the long-term application of stablecoins. This will have a positive credit impact on Hong Kong banks becoming licensed stablecoin issuers and Hong Kong securities companies holding virtual asset trading licenses. If they become licensed banks, large banks will need to leverage their reputation, liquidity management, and compliance infrastructure to gain a first-mover advantage. (Aastocks)
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