Day: August 6, 2026

HSBC, Standard Chartered’s contrasting strategies for Hong Kong stablecoin rollout

Earlier today the Hong Kong Monetary Authority (HKMA) announced that the first licensed stablecoin issuers will be HSBC and Standard Chartered joint venture Anchorpoint Financial. The two banks subsequently revealed contrasting stablecoin strategies. Anchorpoint Financial is taking a crypto-native approach, confirming public blockchain infrastructure and open ecosystem distribution. HSBC is extending its established digital assets playbook to …

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Hong Kong Advances Stablecoin Rules With First Licences

HKMA grants initial licences under new law, prioritising risk controls and limiting approvals as the stablecoin framework takes shape. Key Highlights HKMA issues its first stablecoin licences to HSBC and Anchorpoint Financial Limited, marking the rollout of its regulatory regime. Only 2 of 36 applicants were approved, reflecting a cautious approach with a focus on risk management and viable use …

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