First Hong Kong Stablecoin Is Live But Retail Cannot Touch It Yet

BeInCrypto Editorial

(12:23 PM UTC)

1 min read

Hong Kong’s first regulated Hong Kong dollar stablecoin went live on Wednesday. Almost nobody is allowed to hold it.

Anchorpoint Financial opened HKDAP to institutions, corporate clients and professional investors on Aug. 12. Retail buyers are not part of this phase.

Two Licences, 36 Applicants

The Hong Kong Monetary Authority (HKMA) took 36 applications before its window closed in September…

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BeInCrypto Editorial · BeInCrypto

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