Market News: Bank of China (Hong Kong) plans to apply for a stablecoin issuer license

Odaily Planet Daily reports that after a joint venture led by Standard Chartered (Hong Kong) officially expressed its intention to apply for a license, Bank of China (Hong Kong) plans to apply for a stablecoin issuer license and strive to be among the first issuers approved. The deadline for the first round of applications is the end of September. Both Bank of China (Hong Kong) and the HKMA declined to comment. (Hong Kong Economic Journal)