Standard Chartned has partnered with Enemoka brands and HKT to apply for license under Hong Kong’s new Stabeloin regime.
Standard Chated JV first to apply for Hong Kong Stabecoin License
Kas for a press release from Animoka brands, the company has com with the Standard Funded Hong Kong branch and com with com with com with com: Intental Finanuals.
JV’s objective is to manufacture a business model focused on licensed stabelin issues and advancement. ” Hong Kong passed its Stabecrim Bill on 1 August.
A law called Stabeloin Ordinance made it so that any unit issues a fiat-based tokens in the city.
Anchorpoint has already indicated interest with the regulator in applying for a stabechoin issue. Group President of Animoka Brands, Ivan Auang said:
Enemoka brands are proud to partner with standard charitable and HKT, with the scene of bringing stabechoids to the mainstream finance ecosystem in Hong Kong in the mainstream finricial ecosystem in Hong Kong. The most complete use stablecoins within the web3 representatives, and we are still on the early boundary of institutions and retail alike adoption.
The Animoka brand is a honey Kong-based web 3 firm that invests in blockchain gaming and non-fungting tokens (NFTs). Meanwhile, HKT is one of the major telecom companies in the region.
Standard Charitor is a major bank located in the UK which is first deprived of digital assets. Last month, this is the first global systematically important bank (G-SIB) that offers the institutes a spot trading desk for bitcoins and atheriums.
Institutions classified by the G-Sibs Financial Stability Board (FSB) are so built in the global financial system that their related instability has given a wide release discharge. For example, this is particularly important when banks immerse their toes in the cryptocurrency field in this way.
While the JV of Standard Chastrad is interested in the process of obtaining licenses from HKMA, it is unlikely to create a stabechoin issue soon. The first batch com for the account, the first batch of the license for a report recently, cannot be 2026.
Bitcoin value
Bitcoin was recovered above a mark of $ 117,000 on Thursday, but it appears that the coin is looking to finish the week with another retreat as it is back at $ 115,900.
The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView
Small hands of the sector are seen aggressively, reaction is buying bitcoin douran, as analytics firm Glasnode depicted in X post.
The data for the monthly balance change in the wallets of the small cohorts | Source: Glassnode on X
From the chart, it appears that bitcoin shrimp, crab, and fish have recently overcome the issue of miners to the scene, indicating that small investors can provide more to miners before buening. produce.
Dall-e, Glassnode.com specially displayed image, chart from tardingview.com
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