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Crypto

Banks and regulators launch quantum-resistant crypto project

Responsible Finance Institute (RFI) and crypto custody infrastructure firm Safeheron have launched a pilot project to test a quantum-resistant cryptocurrency wallet and on-chain transfer infrastructure, Cointelegraph reported. Banks and financial regulators from Europe, the Middle East and Asia are participating. The project uses an MPC protocol supporting NIST’s ML-DSA-65 standard on a quantum-resistant NEAR testnet. RFI said regulators including ADGM, GFSO and MFSA have confirmed participation.

Crypto

Hong Kong dollar stablecoin HKDAP completes Ethereum mainnet test after regulatory approval

Anchorpoint Financial, which received a stablecoin issuance licence from the Hong Kong Monetary Authority, has completed a test transferring its Hong Kong dollar stablecoin HKDAP (HKD At Par) to the Ethereum mainnet. The test was conducted with OSL Group and LeopardTrade, a trading platform under Futu Holdings, and focused on verifying the process of converting fiat Hong Kong dollar funds into reserve assets. Standard Chartered Hong Kong provided infrastructure and institutional trust services.

Crypto

Hong Kong regulator issues first stablecoin licences to HSBC and Anchorpoint

Hong Kong\'s monetary authority has issued the city’s first stablecoin licences to HSBC and Anchorpoint Financial, The Block reported on Thursday. Anchorpoint Financial is a joint venture set up by Standard Chartered, Animoca Brands and Hong Kong telecoms company HKT. The Hong Kong Monetary Authority added HSBC and Anchorpoint Financial Limited to its list of stablecoin licence holders. CEO Eddie Yue called the move a milestone for digital assets.