Express
Analysis: Hong Kong Stablecoin License Applications Far Exceed Expectations, HKMA May Increase License Issuance in the Future
Summary: According to market sources, Ma Yingcong, Director of the United Hong Kong Fund for Greater Bay Area Development, stated in an interview with RTHK that the clear regulatory and policy direction for stablecoin regulation in Hong Kong has attracted numerous institutions. Currently, the intention to apply for licenses far exceeds expectations, with large tech companies ...
According to market sources, Ma Yingcong, Director of the United Hong Kong Fund for Greater Bay Area Development, stated in an interview with RTHK that the clear regulatory and policy direction for stablecoin regulation in Hong Kong has attracted numerous institutions. Currently, the intention to apply for licenses far exceeds expectations, with large tech companies likely to use stablecoins in payment scenarios, while traditional financial institutions may use them for cross-border settlements.
If the initial batch of stablecoin license recipients operate effectively, it will drive the Hong Kong Monetary Authority to increase license issuance in the future.
Tags:
Link: Analysis: Hong Kong Stablecoin License Applications Far Exceed Expectations, HKMA May Increase License Issuance in the Future [Copy]
