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A major foreign bank responds to its application for a Hong Kong stablecoin license: "We are still awaiting official word from regulators."
13/03/2026 01:35
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Svmuu News: In response to recent reports that the first batch of stablecoin licenses in Hong Kong will be awarded to HSBC, Standard Chartered, and the local virtual asset trading platform OSL, inquiries have been made through the Chinese subsidiaries of HSBC and Standard Chartered. Neither has provided a definitive response, but an insider at one of the foreign banks revealed: “ ‘We are still awaiting official word from the regulators.’” (Cailian Press)
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