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Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchorpoint Financial.
Hong Kong granted its first stablecoin issuer licenses to HSBC and Anchorpoint Financial.
KEY POINTS
- Licensed HKD stablecoins must embed strict KYC and whitelist compliance into their smart contracts.
- The HKMA deprioritized a retail CBDC after pilot results showed weak demand for such a product.
- Hong Kong's stablecoin model leverages its historic note-issuing banks to issue regulated digital tokens.
COMPANIES
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