Insider: LianLian Digital is Actively Exploring Applying for Stablecoin Licenses in Singapore and Hong Kong, China

Blockbeats

06-14

BlockBeats News, June 14, according to the "Daily Economic News" report, insiders revealed that following the announcement of Ant International's plans to apply for a stablecoin license in Singapore and Hong Kong, LianLian Digital is also actively exploring the possibility of applying for related licenses in these regions.

Currently, LianLian Digital has established a dedicated team to drive stablecoin-related projects and conduct use-case studies. LianLian Digital currently holds a total of 65 payment licenses across various regions globally. Its wholly-owned subsidiary, DFX Labs Company Limited, has also obtained a Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission as of December 2024. Industry observers believe that this VATP license could create a synergistic effect with the stablecoin license that the group is potentially poised to acquire in the future.

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LianLian Digital currently holds a total of 65 payment licenses across various regions globally. Its wholly-owned subsidiary, DFX Labs Company Limited, has also obtained a Virtual Asset Trading Platform  license issued by the Hong Kong Securities and Futures Commission as of December 2024. 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