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CITIC Securities: Suggests Continuing to Focus on Potential Issuers Obtaining First Batch of Stablecoin Licenses
Summary: According to Jinshi data, CITIC Securities research report suggests that on July 29, the Hong Kong Monetary Authority released a series of documents on the stablecoin issuer regulatory system to be implemented from August 1. The key document is the 'Licensed Stablecoin Issuer Regulatory Guidelines', with the most significant guidance in the current application stage ...
According to Jinshi data, CITIC Securities research report suggests that on July 29, the Hong Kong Monetary Authority released a series of documents on the stablecoin issuer regulatory system to be implemented from August 1. The key document is the 'Licensed Stablecoin Issuer Regulatory Guidelines', with the most significant guidance in the current application stage being the 'Summary Explanation of the Stablecoin Issuer Licensing System'. The timeline shows that the Hong Kong Monetary Authority encourages prospective applicants to contact regulators by August 31, with a deadline for mature applicants set for September 30. The first batch of licenses is expected to be limited to single digits and is anticipated to be finalized by the end of the year. It is suggested to continue focusing on potential issuers who may obtain the scarce initial licenses, as well as on platforms creating scenarios for stablecoin use cases.
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Link: CITIC Securities: Suggests Continuing to Focus on Potential Issuers Obtaining First Batch of Stablecoin Licenses [Copy]
