Jack Ma's Ant International Seeks Stablecoin Licenses in Hong Kong, Singapore: Bloomberg

Description

The international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday . Ant International will apply for a stablecoin issuer's license once the regulatory regime comes into effect in August, according to the report, citing people familiar with the matter. The firm is also planning to apply for a similar license in its native Singapore, as well as Luxembourg. Hong Kong has been establishing a stablecoin regime since 2023 , wi...