{"id":909131,"date":"2025-02-26T08:25:26","date_gmt":"2025-02-26T02:55:26","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=909131"},"modified":"2025-02-26T08:26:48","modified_gmt":"2025-02-26T02:56:48","slug":"heres-why-banks-in-hong-kong-are-taking-the-fight-to-crypto-bros","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/02\/26\/heres-why-banks-in-hong-kong-are-taking-the-fight-to-crypto-bros\/","title":{"rendered":"Here&#8217;s why banks in Hong Kong are taking the fight to crypto bros"},"content":{"rendered":"<p>Standard Chartered Plc\u2019s plan to offer a Hong Kong dollar digital clone is the strongest signal yet that stablecoins are about to get gentrified. <\/p>\n<p>These tokens, which convert 1:1 into dollar, euro or other fiat currencies, have emerged as a haven for gangsters, drug traffickers and sanctions evaders to move illicit funds over public blockchains. Entry of regulated financial institutions will hopefully chase away the unseemly squatters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered Plc\u2019s plan to offer a Hong Kong dollar digital clone is the strongest signal yet that stablecoins are about to get gentrified. These tokens, which convert 1:1 into dollar, euro or other fiat currencies, have emerged as a haven for gangsters, drug traffickers and sanctions evaders to move illicit funds over public blockchains. Entry of regulated financial institutions will hopefully chase away the unseemly squatters.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-909131","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/909131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=909131"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/909131\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=909131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=909131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=909131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}