TechFlow, August 1 - According to Radio Television Hong Kong, the CEO of Standard Chartered Hong Kong and Greater China & North Asia said that the group is still reviewing the newly released stablecoin-related documents from the HKMA. With the "Stablecoin Ordinance" coming into effect tomorrow, the group is exploring potential options and use cases, aiming to submit applications as soon as possible.
Standard Chartered, together with Arm and Hong Kong Telecom, formed a consortium and is one of the participants in the stablecoin issuer "regulatory sandbox".
The CEO of Standard Chartered Hong Kong and Greater China & North Asia said the group had previously participated in the "regulatory sandbox" and has been focusing on exploring opportunities in the Hong Kong dollar market. She believes the new stablecoin framework achieves a good balance by adopting a risk-based approach, while remaining open to commercial solutions. The group believes digital assets will play an important role in the future financial system.
