According to CoinVoice, Ant Group's international department is planning to apply for a stablecoin license in Hong Kong and Singapore, as reported by Bloomberg.
According to informed sources, Ant International, based in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the "Stablecoins Ordinance" comes into effect in August. In addition to Singapore, the company also plans to seek licensing in Luxembourg.
According to informed sources, this move aims to strengthen the company's blockchain business to support its cross-border payment and fund management services. They stated that Ant Financial handled over $1 trillion in global transactions last year, with one-third processed by its blockchain-based Whale platform.
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According to CoinVoice, Ant Group's international department is planning to apply for a stablecoin license in Hong Kong and Singapore, as reported by Bloomberg.
According to informed sources, Ant International, based in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the "Stablecoins Ordinance" comes into effect in August. In addition to Singapore, the company also plans to seek licensing in Luxembourg.
According to informed sources, this move aims to strengthen the company's blockchain business to support its cross-border payment and fund management services. They stated that Ant Financial handled over $1 trillion in global transactions last year, with one-third processed by its blockchain-based Whale platform.