The post Circle Looks East: Now Looking Hong Kong For Expansion appeared first on Coinpedia Fintech News
Circle Internet Financial is closely monitoring the regulatory climate in Hong Kong as it strives to position itself as a prominent digital asset hub. As the issuer of USD Coin, the world’s second-largest stablecoin, the company has obtained a license as a major payments institution in Singapore. CEO Jeremy Allaire expressed that this achievement would facilitate the wider distribution of the stablecoin in the region. While Hong Kong has recently introduced new crypto regulations, it has not yet issued specific regulations pertaining to stablecoins.
