WuSaidBlockchainW
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Wu said that according to reports, China SanSan Media (08087 HK) has announced that the group intends to apply for a stablecoin license in Hong Kong. The related funds will be allocated from the net proceeds of new shares issued under the general authority and the company’s existing cash reserves. The group will continue to explore and launch relevant technical services in Hong Kong, including stablecoin payments, and promote the application of stablecoins in retail payment scenarios. In addition, the group also plans to actively participate in regulatory pilot projects in Hong Kong.

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