Bank of China Hong Kong Prepares Stablecoin Issuer License Application

The Bank of China Hong Kong is reportedly taking steps towards obtaining a stablecoin issuer license, with aspirations to become one of the early approved issuers. The deadline for applications within the initial batch is set for late September, according to PANews. However, neither Bank of China Hong Kong nor the Hong Kong Monetary Authority have yet confirmed or provided details on their intentions regarding this potential application.