Fosun International has initiated its application for a stablecoin license in Hong Kong following discussions with senior officials. This strategic move is aimed at enhancing its presence in the expanding stablecoin market.
The Hong Kong Monetary Authority will implement new regulatory frameworks in August 2025. These guidelines are expected to influence how Fosun navigates the digital asset landscape.
Ethereum (ETH) has shown notable growth, increasing by 17.16% recently, currently trading at 4,298.59 USD. This growth reflects the cryptocurrency’s performance in a shifting market environment.
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