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Following the enactment of Hong Kong's new legislation, Ant International announces its intention to seek a stablecoin issuance license from the Hong Kong Monetary Authority, alongside pursuing relevant approvals in Luxembourg and Singapore. This development has significantly bolstered the share prices of Ant Financial-associated stocks in the Hong Kong market, with Bright Smart Securities witnessing a remarkable surge of over 14%. Ant International anticipates its fund processing volume to surpass the US$1 trillion mark by 2024, with over US$300 billion being managed through blockchain technology. Furthermore, the company forecasts its stablecoin trading volume to exceed US$150 billion. This strategic expansion underscores Ant International's profound commitment and formidable strength within the fintech industry.
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