Aug 29, 09:51 AM

China’s CNPC Starts Feasibility Study on Stablecoin Cross-Border Payments

China National Petroleum Corporation, the state-owned energy group that ranks among the world’s largest oil producers, said it will conduct a feasibility study on using stablecoins for cross-border payments and settlements. Management told analysts during the company’s half-year results briefing that CNPC is monitoring the Hong Kong Monetary Authority’s forthcoming licensing regime for stablecoin issuers and will assess whether the tokens could reduce transaction costs and support wider use of the yuan in international trade.

#China National Petroleum Corporation #CNPC #Hong Kong Monetary Authority

Written with ChatGPT .

Sources

Crypto Rover@rovercrc
1 year ago
💥BREAKING: 🇨🇳 China National Petroleum, one of the world’s largest energy giants, is set to launch a feasibility study on cross-border stablecoin payments. https://t.co/ChmyrXeB8U
CryptoSavingExpert ®@CryptoSavingExp
1 year ago
BREAKING🚨 CHINA NATIONAL PETROLEUM, A GLOBAL ENERGY GIANT, TO EXPLORE CROSS-BORDER STABLECOIN PAYMENTS WITH NEW FEASIBILITY STUDY! https://t.co/I8l5n4hDD0
Crypto Crib@Crypto_Crib_
1 year ago
🇨🇳 China National Petroleum Corporation to explore stablecoin use for cross-border settlements. 👀 https://t.co/dCrEFUOcJ3

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