LianLian Digital dey explore Stablecoin Licence for Singapore and Hong Kong to expand their crypto
LianLian Digital dey actively consider to apply for stablecoin licenses for Singapore and Hong Kong, so insider sources talk. Dis move na after Ant International plan similar tins. LianLian Digital don set up dedicated team to run stablecoin projects and do research on use cases, showing say dem serious about expanding for digital asset sector. As e be now, di company get 65 payment licenses worldwide. Di company fully own subsidiary, DFX Labs Company Limited, get Virtual Asset Trading Platform (VATP) license from Hong Kong Securities and Futures Commission for December 2024. Market people believe say synergy fit happen between LianLian new VATP license and the stablecoin license them fit get, and dis go make their presence strong for di changing virtual asset and payments scene. Dis development show strategi importance of regulated stablecoin activities for big Asian crypto hubs, wey concern crypto traders and payment solution providers.
Bullish
Di tori na news na e good as LianLian Digital dey try get stablecoin license for big Asian market dem show say more institutions dey accept the stablecoins and regulators dey okay with am. Dem get VATP license plus the way license dem work together dey make people believe say crypto industry go get more trust and better setup. Before dis kain things like Circle and Paxos wey dem get regulatory clearance don make traders dey active and positive. For short term, dis fit make market dem in Asia more interested in regulated crypto products, plus for long term e mean say market go stable well well and more pipo go begin use stablecoins dem.