ChainCatcher news, according to GlobeNewsWire, Nasdaq-listed company Nano Labs Ltd (NA) announced plans to collaborate with other entities to apply for relevant licenses to conduct Hong Kong dollar and offshore renminbi stablecoin business.This move comes after the Hong Kong stablecoin legislation officially takes effect, which will be implemented on August 1, 2025. At the same time, Nano Labs also plans to develop a stablecoin technology framework, focusing on blockchain networks such as Bitcoin and Binance Coin.

ChainCatcher news, according to Jinshi Data reports, the "Stablecoin Regulation" in Hong Kong will come into effect on August 1. The President of the Hong Kong Monetary Authority, Yu Weiwen, stated that Hong Kong has established relatively strict standards for stablecoin issuers, with high entry barriers that are almost on par with the regulations for electronic wallets and banks. It is expected that only a few licenses will be issued in the first phase, and the licensed stablecoins will have different specific uses, such as for cross-border trade.Yu Weiwen mentioned that the Hong Kong Monetary Authority has very strict requirements for risk management, whether it is asset reserve management, stability mechanisms, redemption policies, or, most importantly, anti-money laundering regulations, which are almost the same as those for electronic wallets and banks. Since stablecoins have payment attributes, the "Stablecoin Regulation" provides issuers with a comprehensive regulatory framework to ensure that the same risks have the same regulatory rules, as well as to promote the healthy and sustainable development of the industry.

ChainCatcher news, according to an official announcement from Coinbase, Coinbase has obtained a Markets in Crypto-Assets (MiCA) license from the Luxembourg Financial Industry Supervisory Commission (CSSF), enabling the exchange to offer a full suite of cryptocurrency products and services to a population of 450 million across the 27 EU member states.According to the announcement, Coinbase will establish its European crypto hub in Luxembourg, which has passed four blockchain-related policies. Over the past few years, Coinbase has obtained licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain, and will now unify these operations under the MiCA framework.

ChainCatcher news, Bitget has officially received approval from the Georgian government to provide digital asset trading and custody wallet services through the Tbilisi Free Industrial Zone (TFZ).As of now, Bitget has completed compliance arrangements in Australia, Italy, Poland, Bulgaria, Lithuania, the Czech Republic, the UK, El Salvador, and Argentina. The approval of the Georgian license marks another strategic foothold for Bitget in emerging markets, further enhancing its global compliance system.

ChainCatcher news, the People's Court Daily published an article signed by Zhao Liang from the Intermediate People's Court of Shenzhen, Guangdong Province, titled "Disposal of Virtual Currency Involved in Criminal Cases: Challenges, Innovations, and Judicial Responsibility," which points out that virtual currency has corresponding property attributes, and there is basically a consensus in judicial practice.For the need to return compensation to victims or to confiscate, in order to balance the demand for disposing of virtual currency involved in cases with the regulatory policies in the mainland, it can be explored to file and supervise with the People's Bank, foreign exchange management, and other departments, entrusting qualified third-party institutions, in legally judicial jurisdictions for virtual currency trading abroad, such as Hong Kong, to exchange virtual currency for legal tender at market prices through compliant licensed trading platforms, and after cashing out abroad, to handle according to the provisions of the State Administration of Foreign Exchange's "Letter on Issues Related to Opening Foreign Exchange Accounts and Handling Foreign Exchange Income and Expenditure by People's Courts in Foreign-related Judicial Activities." For virtual currencies used in crimes that pose a threat to national security and public interest, such as privacy coins, they can be sent to a "black hole address" for destruction, permanently exiting circulation.

ChainCatcher news, according to a report by The Paper, JD responded to reporters regarding the topic of "planning to launch a stablecoin as early as the fourth quarter of this year," stating, "The relevant statement is accurate, but the earlier time point has a clear premise: the specific timeline depends on regulation. We expect to obtain a license in early fourth quarter of this year and simultaneously launch the JD stablecoin. The JD stablecoin will be issued on a public chain, and at that time, anyone can publicly access data such as the issuance volume."

ChainCatcher news, according to Jinshi Data reports, regarding whether to apply for a Hong Kong stablecoin license, the Small Commodity City stated on the interactive platform on the 18th that the company operates the world's largest small commodity trading market, inherently possessing a vast and high-frequency cross-border trade settlement scenario. Innovative payment tools such as stablecoins have the potential to provide more efficient and low-cost cross-border payment solutions for global merchants, especially small and micro enterprises, aligning with our mission to serve the real economy.We welcome and support Hong Kong's positive progress in the stablecoin regulatory framework. The company's cross-border payment platform "YiwuPay" will continue to monitor the relevant regulatory process and will actively assess and submit relevant applications as soon as the regulations are clarified and the path is clear.

ChainCatcher news, according to official information from the Hong Kong Securities and Futures Commission, Hong Kong BGE Limited (BGE) has obtained a virtual asset trading platform license from the Hong Kong Securities and Futures Commission. So far, a total of 11 trading platforms have obtained the Hong Kong virtual asset trading platform license, and there are currently 9 applications for virtual asset trading platforms in progress.

ChainCatcher news, according to Sina Finance, Liu Qiangdong, Chairman of the Board of JD Group, stated at a sharing session today that JD hopes to apply for stablecoin licenses in all major currency countries around the world, and then use the stablecoin licenses to facilitate currency exchange between global enterprises, reducing cross-border payment costs by 90% and increasing efficiency to within 10 seconds.Liu Qiangdong said: "Currently, remittances between enterprises take an average of 2 to 4 days, and the costs are quite high. After completing B-end payments, we will penetrate into C-end payments, hoping that one day everyone can use JD stablecoin for payments when consuming around the world."

ChainCatcher news, according to the Hong Kong Wen Wei Po, the US-listed company Yuta Logistics Technology Holdings announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect. The company plans to launch its own stablecoin "RHKD" and also plans to issue a digital token "RBTC," which will be anchored to Bitcoin as the underlying asset. Customers can exchange "RBTC" using Hong Kong dollars or US dollars.The company stated that it has officially launched a Bitcoin acquisition plan of up to $1.5 billion (approximately HKD 11.77 billion) and will use the company's common stock as the payment method. According to the Bitcoin reserve strategy, the group is planning to issue a digital token anchored to Bitcoin ------ "RBTC." The company expects that this token will be supported by 100% Bitcoin reserves, achieving a 1:1 Bitcoin exchange.

ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, recently wrote that with the vigorous development of the digital asset market, the demand for stablecoins is expected to further increase. Stablecoins can serve as a medium of exchange without being restricted by traditional payment times and geographical limitations, and their programmable features can open up diverse innovative solutions, automating and smartening financial service processes. Noting that many market participants are very interested in this, the Hong Kong Monetary Authority will process the received license applications as soon as possible after the "Stablecoin Regulation" comes into effect, so that eligible applicants can commence their business. (21st Century Business Herald)

ChainCatcher news, according to Reuters, informed sources say that Coinbase and Gemini are expected to obtain EU crypto licenses from Luxembourg and Malta respectively, authorized to operate across 27 countries under the MiCA regulations.This move has sparked regulatory divergence in Europe, with some countries expressing doubts about Malta's rapid approvals for OKX, Crypto.com, and Gemini, fearing a "race to the bottom" in regulation. Officials from France's AMF and ESMA have also expressed concerns about uneven enforcement. Meanwhile, Coinbase is expanding its small team in Luxembourg to strengthen compliance efforts.

ChainCatcher news, Hong Kong Financial Secretary Paul Chan published a secretary's essay titled "Speeding Up and Steady Sailing," pointing out that the development of digital assets has driven related business in financial institutions. Last year, the total trading volume of digital assets and related products by local banks in Hong Kong reached HKD 17.2 billion, and by the end of last year, the total amount of digital assets held in custody by banks reached HKD 5.1 billion.The "Stablecoin Regulation" has been passed by the Legislative Council and will take effect on August 1. Hong Kong is cautiously advancing the development of stablecoins, providing a new paradigm for the global stablecoin market. This is also reflected in the firewall and experimental field functions under the "one country, two systems" principle, providing experience and reference for national financial development. For example, Hong Kong has adopted a more open model, allowing licensed issuers to choose different fiat currencies as the anchor currency for issuing stablecoins, which is beneficial for attracting more institutions from various parts of the world to issue stablecoins in Hong Kong based on actual application scenarios, significantly enhancing the liquidity of related activities and the competitiveness of the Hong Kong market.

ChainCatcher news, according to the Daily Economic News, informed sources revealed that following the news of Ant International's plan to apply for a stablecoin license in Singapore and Hong Kong, LianLian Digital is also actively exploring the possibility of applying for relevant licenses in the aforementioned regions. Currently, LianLian Digital has established a dedicated team responsible for advancing stablecoin-related projects and conducting use case studies. LianLian Digital currently holds a total of 65 payment licenses across multiple regions worldwide, and its wholly-owned subsidiary DFX Labs Company Limited also obtained a Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission in December 2024. The outside world believes that this VATP license will create synergies with the stablecoin license that the group may obtain in the future.

ChainCatcher news, according to Reuters, informed sources revealed that as the pace and rigor of regulatory agencies issuing licenses in certain countries diverge, two cryptocurrency companies are about to obtain licenses to operate across the European Union.Under the EU's Markets in Crypto-Assets Regulation (MiCA), which came into effect earlier this year, EU member states can issue licenses allowing crypto companies to operate in all 27 countries.Two informed sources revealed that the cryptocurrency company Gemini, founded by billionaire Winklevoss brothers, is about to receive an operating license from the Maltese government. Malta is the smallest member state in the EU. Previously, Malta approved operating licenses for OKX and Crypto.com within weeks of the new regulations coming into effect.One informed source stated that as there is widespread expectation that Luxembourg is about to grant a license to Coinbase, the debate surrounding regulation is intensifying. Although the application has been in progress for several months, some pointed out that the scale of the business Coinbase plans to conduct in Luxembourg is relatively small. A spokesperson for Coinbase did not comment on the application but stated that the company employs about 200 people in Europe and has invested resources in staffing to ensure operational security.

ChainCatcher news, according to Reuters, the two largest cryptocurrency companies in the world are about to obtain licenses to operate across the EU, while the divergence in the speed and strictness of approvals by regulators in some countries is increasing.Under the new EU Markets in Crypto-Assets (MiCA) regulation, member states can issue licenses allowing crypto companies to operate across the 27 EU member states. Gemini is about to receive a license from Malta, and Coinbase is also about to receive approval from Luxembourg.

ChainCatcher news, Ant Group's Vice President and President of Ant Digital Technology's Blockchain Business, Bian Zhuoqun, revealed in an interview with reporters today that Ant Digital Technology has initiated the application for a Hong Kong stablecoin license and has already conducted multiple rounds of communication with regulators. It is reported that Ant Digital Technology has listed Hong Kong as its global headquarters this year and has completed the regulatory sandbox pilot in Hong Kong.Bian Zhuoqun made the above statement at the SNEC Shanghai Photovoltaic Exhibition on June 12. On the same day, Ant Digital Technology and GCL-Poly Energy jointly announced the establishment of a new company, "Ant Xinneng."Bian Zhuoqun stated that stablecoins serve as a bridge connecting traditional finance and tokenized assets, possessing vast market potential. Its core value lies in the expansion of use cases and the construction of compliance. Ant Digital Technology is committed to building digital trading scenarios based on stablecoins from an industrial and technological perspective, promoting the development of new asset classes centered around technology. At the same time, Ant Digital Technology provides a new incremental market for stablecoin trading by offering secure, reliable, and compliant infrastructure, enhancing trading efficiency and liquidity.