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TechFlow, Aug 29 — According to Hui Gang Communications, Wang Hua, CFO and Secretary to the Board of Directors of PetroChina (00857), said at the company's interim results briefing that the firm is closely monitoring the Hong Kong Monetary Authority's initiative to issue licenses for stablecoin issuers, and will study the possibility of using stablecoins for cross-border settlement and payments.
According to Huigang Communications, Wang Hua, CFO and Secretary of the Board of Directors of China Petroleum (00857), said at the half-year results briefing that the company is closely monitoring the Hong Kong Monetary Authority's initiative to issue licenses for stablecoin issuers, and will study the possibility of using stablecoins for cross-border settlement and payments.
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