Ant Group takes control of Hong Kong ‘stablecoin concept’ broker Yau Choy

Ant Group bought a 50.55% stake in Hong Kong broker Yau Choy Securities for about $360M, reshaping its board as it quietly positions for a local stablecoin license. Ant Group has completed its acquisition of Hong Kong-listed Yau Choy Securities,…

from crypto.news https://ift.tt/fAXzYVK