TechFlow news, August 8 — According to an official announcement from Animoca Brands, the company has jointly established a joint venture named Anchorpoint Financial Limited in Hong Kong with Standard Chartered Bank (Hong Kong) Limited and HKT. On August 1, the same day the Stablecoin Ordinance came into effect, the consortium formally expressed its intention to apply for a stablecoin issuance license with the Hong Kong Monetary Authority (HKMA).
Evan Auyang, Group President of Animoca Brands, said that regulated fiat-backed stablecoins are significant in reinforcing Hong Kong's status as an international financial center.
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