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PetroChina to Launch Feasibility Study on Cross-Border Settlement Using Stablecoins Amid Close Monitoring of Hong Kong Regulations

Summary: PetroChina (00857.HK) revealed during its semi-annual earnings conference that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest energy state-owned enterprises, PetroChina has become one of the first traditional energy giants to ...

PetroChina (00857.HK) revealed during its semi-annual earnings conference that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest energy state-owned enterprises, PetroChina has become one of the first traditional energy giants to publicly respond to Hong Kong's 'Stablecoin Ordinance'.

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Link: PetroChina to Launch Feasibility Study on Cross-Border Settlement Using Stablecoins Amid Close Monitoring of Hong Kong Regulations [Copy]

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