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Hong Kong has issued its first stablecoin issuer licenses, approving Anchorpoint Financial and the Hongkong and Shanghai Banking Corporation.
Hong Kong has issued its first stablecoin issuer licenses to Anchorpoint Financial and HSBC.
KEY POINTS
- Anchorpoint Financial is a joint venture between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications.
- The stablecoin regime requires issuers to meet strict rules on reserves, redemption, and AML controls.
- The HKMA missed its original March timeline and issued the first licenses after a delay.
COMPANIES
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