According to Foresight News, Diana Tsui, CEO of Standard Chartered Hong Kong, Greater China, and North Asia, stated that the group is still studying the new stable coin-related documents released by the Hong Kong Monetary Authority. With the Stable Coins Ordinance taking effect tomorrow, the group is exploring potential options and use cases, aiming to submit an application as soon as possible. The group has previously participated in the "sandbox" and has been focusing on exploring opportunities in the Hong Kong dollar market. The new stable coin framework is risk-based, provides a good balance, and maintains an open attitude towards commercial solutions. The group believes that digital assets will play an important role in the financial system in the future.
Standard Chartered Bank Hong Kong CEO: Standard Chartered is studying the relevant documents of stablecoin and aims to submit the application as soon as possible
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