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Lianlian is accelerating the layout of its stablecoin business and plans to apply for licenses in Hong Kong and Singapore.
Gate News bot message, informed sources revealed that Lianlian Digital is accelerating its stablecoin business layout process. The company has formed a dedicated team to evaluate the application for a stablecoin license in Hong Kong and Singapore, planning to submit the application immediately after the “Stablecoin Regulations” take effect on August 1.
According to the data, LianLian Digital currently holds 65 payment licenses globally. Its wholly-owned subsidiary DFX Labs Company Limited has obtained a Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission (SFC) in December 2024.
Source: Every Day Network
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