Market News: Bank of China Hong Kong plans to apply for a stablecoin issuer license

On September 1, it was reported that after the joint venture led by Standard Chartered Hong Kong officially expressed its intention to apply for a license, Bank of China Hong Kong plans to apply for a stablecoin issuer license and aims to become one of the first approved issuers. The deadline for the first batch of applications is the end of September. Both Bank of China Hong Kong and the Hong Kong Monetary Authority declined to comment.