Bloomberg: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore.
Gate News bot news, informed sources reveal that Ant Group Co.'s international department is planning to apply for a stablecoin license in Singapore and Hong Kong. The sources stated that Ant International, headquartered in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the "Stablecoin Regulation" comes into effect in August. They added that, in addition to Singapore, the company also plans to apply for a license in Luxembourg.