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BTCC / BTCC Square / Global Cryptocurrency /
PetroChina Explores Stablecoin Integration Amid Hong Kong Regulatory Shift

PetroChina Explores Stablecoin Integration Amid Hong Kong Regulatory Shift

Author:
Global Cryptocurrency
Published:
2025-08-30 06:55:01
13
3
BTCCSquare news:

PetroChina, Asia's largest oil and gas producer, is evaluating stablecoin adoption for cross-border payments following Hong Kong's new regulatory framework. The state-backed firm's CFO confirmed the exploration during a recent earnings call, citing the HKMA's Stablecoin Ordinance as a key driver.

Hong Kong's legislation, enacted in August, mandates licensing for fiat-referenced stablecoin issuers while permitting retail access to regulated tokens. The MOVE signals growing institutional interest in bridging traditional energy markets with digital asset infrastructure.

|Square

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