Luk Fook Securities Plans to Apply for Hong Kong Virtual Asset Trading License and Introduce Stablecoin Payment and Settlement Services
According to Jinse Finance, Luhua Securities has announced a partnership with Hong Kong-listed company Qianxun Technology to jointly advance the application for a Hong Kong virtual asset trading license. The collaboration will also explore new business opportunities in RWA (Real World Asset) business innovation and the use of Hong Kong stablecoins for settlement in the trade of second-hand 3C electronic products. Additionally, Hong Kong stablecoins will be introduced as a settlement and payment tool to optimize payment processes, reduce cross-border payment costs, and mitigate exchange rate risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
