CISTANC@EC2610B

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Hong Kong regulators have missed their March target for issuing the first stablecoin licenses, with approvals still pending as of April. The Hong Kong Monetary Authority (HKMA) is reviewing 36 applications, focusing on reserve asset disclosures and anti-money laundering controls. Major banks like HSBC and Standard Chartered are expected to be among the first to receive licenses. The delay reflects Hong Kong's cautious approach to crypto regulations, with only twelve crypto exchange licenses issued since 2020. The HKMA's careful review process follows past enforcement issues, including the JPEX case in 2023.

- Hong Kong regulators are delayed in issuing stablecoin licenses, with approvals still pending as of early April.  
- The Hong Kong Monetary Authority (HKMA) is reviewing 36 applications but requires refinements on reserve disclosures and anti-money laundering controls.  
- This cautious approach reflects Hong Kong's historical regulation of crypto, with only twelve crypto exchange licenses granted since 2020.

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Standard Chartered PLC

Hong Kong misses March target for first stablecoin licenses

Standard Chartered bought back 984,000 total shares on other exchanges for GBP15.3 million on Mar 31, HKEX filing shows

marketscreener

Standard Chartered bought back 984,000 total shares on other exchanges for GBP15.3 million on Mar 31, HKEX filing shows

159562

Gold prices recently plummeted 12%, seemingly dimming their safe-haven appeal. However, Standard Chartered believes this is not the end of the gold narrative but rather a consolidation after overselling. Short-term culprits include liquidity selling pressure and fading interest rate cut expectations, while recession and stagflation risks remain unpriced. Structural support from central bank buying and high debt levels is still intact. The bank anticipates gold prices will rebound within months and break historical records again

- Recent declines in gold prices have raised questions about its status as a safe-haven asset; however, Standard Chartered Bank believes the long-term upward trend remains unchanged.  
- The short-term pressure on gold prices stems from increased liquidity demand and cooling Federal Reserve rate cut expectations, with predictions of a return to higher prices in the coming months.  
- Historical trends suggest that liquidity demands typically pressure gold prices shortly after crises, but once these demands ease, investor appetite for gold is expected to recover.

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Gold.com

Plummeted 12% Amid Middle East Conflict! Standard Chartered: Gold's Drop is a 'False Break,' Set to Break Records Again

Standard Chartered Hong Kong announced the launch of the "Faster Payment" cross-border payment service, becoming one of the first banks in Hong Kong to offer this service. The service supports instant and 24x7 processing of payment transactions up to HKD 1 million or RMB, while transactions exceeding this amount will still be processed through the "Instant Payment Settlement System." As an agent bank, Standard Chartered Hong Kong utilizes SWIFT to handle overseas payments and transfers to local recipients through "Faster Payment," replacing traditional methods

AASTOCKS

Standard Chartered Hong Kong launches "Faster Payment" cross-border payment service

Standard Chartered Taiwan has launched an "Automated Structured Products Pricing Platform" in partnership with FinIQ. This platform allows for competitive pricing across multiple issuers, enhancing the wealth management experience by shortening time-to-market. CEO Anthony Yu emphasized the bank's commitment to digital wealth management and diversified asset allocation solutions. The platform aims to meet the growing demand for structured products in Asia, providing high-net-worth clients with optimal pricing and swift transaction processes. This initiative aligns with the bank's goal of establishing Taiwan as a key asset management center in Asia.

Taipei Times

Standard Chartered Taiwan launches pricing platform

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The Monetary Authority responded that the first batch of stablecoin licenses was originally scheduled to be announced in March, but there has been no news so far. Chief Executive John Lee and Financial Secretary Paul Chan both stated that the licenses will be issued in March. The Monetary Authority has received 36 applications and expects that companies such as HSBC, Standard Chartered, and OSL will obtain licenses

- The first batch of stablecoin licenses, initially scheduled for announcement in March, has been delayed without further updates.  
- The Hong Kong Monetary Authority stated that it is actively progressing with the licensing process and will make announcements when appropriate.  
- Previously, officials indicated that licenses would be issued in March, and there are reports that firms like HSBC, Standard Chartered, and local virtual asset platform OSL could be potential recipients among 36 applicants.

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OSL GROUP

The first batch of stablecoin licenses was originally scheduled to be announced this month. The Monetary Authority responded: We are making every effort to advance the licensing process

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Stablecoin velocity has doubled in the past two years, now reaching about six times per month, as reported by Standard Chartered. This increase complicates the bank's $2 trillion supply forecast for 2028, primarily driven by USDC activity across various blockchains. Despite this change, Standard Chartered has kept its overall forecast unchanged.

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Coinbase

Stablecoin Velocity Doubles, Challenges $2 Trillion Supply Forecast by 2028

Standard Chartered bought back 974,396 total shares on other exchanges for GBP15 million on Mar 30, HKEX filing shows

Standard Chartered bought back 974,396 total shares on other exchanges for GBP15 million on Mar 30, HKEX filing shows

Standard Chartered bought back 964,000 total shares on other exchanges for GBP14.9 million on Mar 27, HKEX filing shows

Standard Chartered bought back 964,000 total shares on other exchanges for GBP14.9 million on Mar 27, HKEX filing shows

Standard Chartered bought back 942,750 total shares on other exchanges for GBP14.8 million on Mar 26, HKEX filing shows

Standard Chartered bought back 942,750 total shares on other exchanges for GBP14.8 million on Mar 26, HKEX filing shows

An Eastern Narrative for Standard Chartered's Global Private Banking Business

Standard Chartered's Arthur Yuen: Grasping Certainty in an Uncertain World

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Standard Chartered bought back total 945,698 shares on other exchanges on March 25 - HKEX

HKEX

Standard Chartered bought back total 945,698 shares on other exchanges on March 25 - HKEX

CISTANC@EC2610B(27202.HK)

CISTANC@EC2610B Stock Performance Chart

Hong Kong misses March target for first stablecoin licenses

Standard Chartered bought back 984,000 total shares on other exchanges for GBP15.3 million on Mar 31, HKEX filing shows

Plummeted 12% Amid Middle East Conflict! Standard Chartered: Gold's Drop is a 'False Break,' Set to Break Records Again

Standard Chartered Hong Kong launches "Faster Payment" cross-border payment service

Standard Chartered Taiwan launches pricing platform