BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Bank of China Shares Surge 6.7% on Stablecoin License Speculation
Bank of China Shares Surge 6.7% on Stablecoin License Speculation
15
1
BTCCSquare news:
Bank of China (Hong Kong) shares jumped 6.7% amid rumors of a potential stablecoin license application. The state-owned bank has reportedly formed a task force to explore digital asset issuance, positioning itself as a possible competitor to China's digital yuan.
Market analysts highlight the significance of a Bank of China stablecoin, given its operational scale and the government's parallel push for a central bank digital currency. A licensed token could offer a regulated, globally accessible alternative to the CBDC.
Hong Kong's new stablecoin framework requires issuers to obtain approval, adding regulatory clarity to the sector. The bank's stock performance reflects growing investor confidence in its digital asset ambitions.
By:
