Hong Kong Monetary Authority Announces First Batch of Stablecoin Licenses, HSBC and Standard Chartered Receive Licenses

BlockBeats News, April 10th, according to the Hong Kong Monetary Authority website, the Commissioner of Insurance granted stablecoin issuer licenses to two institutions under the “Stablecoin Issuer Regulations” — SC Ventures Fintech Limited (a company jointly formed by Standard Chartered Bank (Hong Kong), HKT, and Ant Group) and HSBC, marking a new stage in the implementation of Hong Kong’s stablecoin regulatory framework.