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Crypto
Hanwha Investment & Securities signs MOU with Digital Asset Holdings, joins Canton Network
Hanwha Investment & Securities said on April 20 it signed a memorandum of understanding with Digital Asset Holdings LLC, a blockchain infrastructure company focused on global finance. Digital Asset, headquartered in New York, operates the Canton Network, a blockchain adopted by major global financial institutions including Goldman Sachs, the Depository Trust and Clearing Corporation, Euroclear, Hong Kong Exchanges and Clearing and HSBC. Hanwha said it plans to strengthen competitiveness in digital assets and next-generation financial services through participation.
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.
Crypto
Hong Kong to issue first stablecoin issuer licences in March
Hong Kong’s monetary authority will issue its first stablecoin issuer licences in March, Cointelegraph reported, citing Reuters. HKMA Chief Executive Eddie Yue said reviews of licence applications were nearly complete and that only a very small number would receive initial approval. Authorities are evaluating applicants based on use cases, risk management, AML controls and the quality of reserve assets. Issuers must also comply with Hong Kong rules on cross-border activities.
