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Standard Chartered Hong Kong Embraces Hong Kong Dollar Stablecoin Progress: Announces Joint Venture Formation and Accelerates Preparations
2025-05-23 /
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Author：小编
On May 21, the Hong Kong Legislative Council approved the Stablecoin Bill, a development that Standard Chartered Hong Kong warmly welcomes and eagerly anticipates its official enactment. In tandem with this legislative progress, Standard Chartered Hong Kong is forging ahead with the establishment of a joint venture alongside Annex Group and Hong Kong Telecom. The objective of this collaboration is to apply for a license to issue stablecoins pegged to the Hong Kong dollar, and the bank is currently intensifying its preparatory efforts.
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