PANews reported on August 29th that PetroChina (00857.HK) revealed at its semi-annual earnings conference that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest state-owned energy companies, PetroChina became one of the first traditional energy giants to publicly respond to Hong Kong's Stablecoin Ordinance.PANews reported on August 29th that PetroChina (00857.HK) revealed at its semi-annual earnings conference that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest state-owned energy companies, PetroChina became one of the first traditional energy giants to publicly respond to Hong Kong's Stablecoin Ordinance.
PetroChina: Closely monitoring Hong Kong's stablecoin and launching a feasibility study on cross-border settlement
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PANews reported on August 29th that PetroChina (00857.HK) revealed at its semi-annual earnings conference that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest state-owned energy companies, PetroChina became one of the first traditional energy giants to publicly respond to Hong Kong's Stablecoin Ordinance.
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