TechFlow news, November 17 — According to Hong Kong media "Herald Tribune," WeBank Vice President Maya Zhitaotao said that WeBank will develop anti-money laundering (AML) and know your transaction (KYT) solutions for stablecoins, as well as virtual asset custody-related technologies. The bank also plans to support future licensed Hong Kong issuers in launching stablecoins on its blockchain infrastructure POTOS. WeBank has already engaged with several potential stablecoin issuers, but the launch timeline will depend on licensing progress.
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