Hold the phone, folks! China Merchants Bank’s CMB International Securities has just pulled a rabbit out of a digital hat and become the first mainland China-affiliated brokerage to snag a virtual asset license from Hong Kong’s Securities and Futures Commission. Can I get a round of applause? 👏
What does this mean? Well, it means that CMBI can now legally fling open the doors to cryptocurrency trading, offer custodial support, and throw in some digital asset advisory services—all under Hong Kong’s tightrope of regulations. Talk about walking the line! 🎪 Authorities have doubled down on their dream of becoming the world’s crypto playground. And guess what? A shiny new stablecoin issuer licensing regime is set to roll out on August 1. Mark your calendars, people! 📅
Industry pros are all a-flutter, highlighting that this move is like balancing a plate of dumplings on a unicycle while juggling regulatory innovation and China’s notorious crypto restrictions. Easy peasy, right? 🎭 Officials are also itching to expand the use of tokenized assets in traditional finance, because who doesn’t love a little sprinkle of techy magic on good old-fashioned money? 💰✨
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2025-07-17 10:02