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PetroChina: closely monitoring the Hong Kong stablecoin, will initiate cross-border settlement feasibility study
BlockBeats News, August 29th, China Petroleum (00857.HK) revealed at its semi-annual earnings conference that it is closely following the Hong Kong Monetary Authority's stablecoin licensing policy and is planning to launch a feasibility study on using stablecoins for cross-border settlement and payments.
As one of China's largest state-owned energy enterprises, China Petroleum has become one of the first traditional energy giants to publicly respond to Hong Kong's "Stablecoin Regulation."
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