Hong Kong’s Crypto Crackdown: A Few Good Stablecoins 🏦💰
The giants of finance are not ones to be left behind in this modern-day gold rush. Industrial and Commercial Bank of China (ICBC), the behemoth of the banking world, has thrown its hat into the ring via its Hong Kong branch, ICBC (Asia). This makes it the second Chinese banking titan to enter the fray, following in the footsteps of Bank of China (Hong Kong). HSBC, ever the keen observer, has also shown a glint of interest, while whispers in the corridors of power suggest that Standard Chartered and BOC Hong Kong might just be the first to receive the golden ticket. Should these licenses be bestowed, they will serve as the cornerstone of Hong Kong’s grand ambition to become a fortress of trust in the realm of regulated digital assets. 🏰✨






