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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This Energy Stock Proves That AI Data Center Demand Is Still Surging -- Barrons.com
Update: Transocean Shares Rise After $80 Million Drillship Contract for Work in Equatorial Guinea
Daily Roundup of Key US Economic Data for Sept. 15
LVMH drops 37% this year; once Europe's largest market cap stock, now out of the top ten
On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
Crypto prices
More
