media: Hashkey Group has created an alliance for the release of stablecoins – Bits Media

According to local media reports, Hashkey Group's cryptocurrency investment company announced the creation of an alliance for the joint release of stablecoins in Hong Kong.

At the recent ceremony of signing the Kun cooperation agreement & Hashkey Exchange Founder of Hashkey Group Xiao Feng (Xiao Feng) announced the creation of a strategic alliance with Yuanbi Technology, associated structure of the Internet giant Alibaba, and the financial and credit institution Hong Kong Zhongan Bank for the joint release of stablecoins in Hong Kong.

Zhonggan Bank will act as a settlement bank for customers, Allowing them to display crypto assets in fiat currencies Hong Kong, China and the USA. Yuanbi Technology, headed by the former president of the monetary department of Hong Kong (Nkma) Chen Dalin (Chen Delin), will focus on the legal aspect of the emission of stablecoins. Recall, that Yuanbi Technology is licensed by NKMA for storing cost (SVF).

At the request of the parties, The alliance will strengthen the growing FinTech ecosystem in Hong Kong and can potentially pave the way to a wider introduction of cryptocurrencies in the region. The participants of the alliance noted, that more detailed information about the plans of the future issue and the options for using stablecoins in the territory of Hong Kong will be brought to the public later.

Earlier, the Hashkey Group administration reported, that the company has become the first licensed trading platform in Hong Kong, Retail crypto services offering users.