HKMA grants HSBC and Anchorpoint Financial stablecoin licences

In a milestone development for the SAR, the two firms plan to launch and integrate stablecoin related payment products over the next few months.

The Hong Kong Monetary Authority (HKMA) has granted stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial and HSBC for issuing stablecoins in Hong Kong; the licences took effect on April 10.

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