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Jack Ma’s Ant International is applying for stablecoin issuer licenses in Hong Kong and Singapore, aligning with new regulatory frameworks coming into effect in August. With over $1 trillion in annual transactions processed via its Whale blockchain platform, the move signals serious intent from traditional fintech to integrate compliant crypto infrastructure into global finance.

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Full article https://cointelegraph.com/news/jack-ma-ant-group-stablecoin-license-for-singapore-hong-kong