Hong Kong: Circles Eastward Expansion Unleashes Viral Buzz!

By Lola Coin Jun 27, 202367Views

, ,

Circle Internet Financial, the issuer of USD Coin, is eyeing expansion in Hong Kong as it seeks to establish itself as a leading digital asset hub. The company, which has already obtained a license as a major payments institution in Singapore, is closely monitoring the regulatory climate in Hong Kong. CEO Jeremy Allaire believes that this achievement will help in the wider distribution of USD Coin in the region. Although Hong Kong has introduced new crypto regulations, it has yet to issue specific regulations for stablecoins. Circle’s focus on Hong Kong highlights the growing interest in the city as a potential hub for the digital asset industry.

Continue reading on Coinpedia.org

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.