On September 1st, according to reports from Hong Kong media, Bank of China Hong Kong is preparing to apply for the upcoming stablecoin issuer license from the Hong Kong Monetary Authority and intends to be among the first batch of approved institutions. According to publicly available information, the application window will close at the end of September.
Reports indicate that Bank of China (Hong Kong) has begun internal assessments and compliance preparations for its license application, but both the bank and the Hong Kong Monetary Authority declined to comment on the news.
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On September 1st, according to reports from Hong Kong media, Bank of China Hong Kong is preparing to apply for the upcoming stablecoin issuer license from the Hong Kong Monetary Authority and intends to be among the first batch of approved institutions. According to publicly available information, the application window will close at the end of September.
Reports indicate that Bank of China (Hong Kong) has begun internal assessments and compliance preparations for its license application, but both the bank and the Hong Kong Monetary Authority declined to comment on the news.