US EditionHSBC, ICBC Eye Hong Kong Stablecoin Licenses Under New Regime: Report
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Cryptocurrency News | Cryptocurrency Prices | Market CapMajor Banks Vie for Hong Kong’s Scarce Stablecoin Licenses
Hong Kong’s financial regulator has received expressions of interest from at least 77 institutions seeking a limited number of initial stablecoin licenses, as major global and regional banks move to secure market position. Industrial and Commercial Bank of China (ICBC) and its Hong Kong arm, ICBC (Asia), reportedly notified the regulator of their intent, joining […]
Stablecoin Licensing in 2025: HSBC and ICBC Set to Apply in Hong Kong
HSBC and ICBC are exploring stablecoin licenses in Hong Kong, signaling major banks’ interest in digital currencies. The HKMA will issue limited licenses, with HSBC and ICBC among the earliest applicants. Hong Kong’s strict regulations aim to protect investors and provide a secure market environment. HSBC and ICBC, the world’s leading bank in terms of assets, are looking at the license application of stablecoins in Hong Kong. It comes in the wak…
HSBC, ICBC eye Hong Kong stablecoin licenses under new regime: Report - WorldNL Magazine
HSBC and ICBC reportedly plan to apply for Hong Kong stablecoin licenses, with ICBC and Standard Chartered expected to secure first-round approvals. HSBC and the world’s largest bank by total assets, the Industrial and Commercial Bank of China (ICBC), reportedly plan to apply for stablecoin licenses in Hong Kong as the region’s new regulatory regime takes effect.According to a Monday report in the Hong Kong Economic Journal, both HSBC and ICBC s…
Key points of the HSBC and ICBC News would be preparing applications for stablecoins licenses in Hong Kong under the new regulatory framework, showing growing institutional interest in digital assets. Hong Kong’s Monetary Authority will only approve a few licenses initially, which could give an advantage to first applicants such as ICBC and Standard Chartered. The new regime imposes strict requirements on issuers, including high capital standard…
Hong Kong to issue ‘only a few' stablecoin licenses as local interest intensifies
Authorities in Hong Kong are taking a cautious approach to the stablecoin licensing regime as top banks and major firms race to secure approval. Stablecoins are gaining traction in Hong Kong. According to a recent local media report, more than…
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