The first batch of stablecoin licenses in Hong Kong has only 3 candidates, with 36 applications submitted!
Hong Kong is about to issue the first batch of stablecoin licenses, and there are rumors that only 3 institutions will succeed, with a total not exceeding 4, namely Standard Chartered Bank, HSBC, and OSL.
The Hong Kong Monetary Authority has received a total of 36 applications, including major companies such as Ant Group, Ant International, JD Coin Chain Technology, and Lianlian Digital, but only a single-digit number will be issued in the first batch, making the competition extremely fierce.
Reporters sought confirmation from HSBC and Standard Chartered's mainland subsidiaries, but both sides did not respond directly. An insider from a foreign bank mentioned they are still waiting for formal regulatory news, and the Hong Kong Monetary Authority also stated that it does not comment on market rumors.
#HongKongStablecoinNewPolicy
Hong Kong is about to issue the first batch of stablecoin licenses, and there are rumors that only 3 institutions will succeed, with a total not exceeding 4, namely Standard Chartered Bank, HSBC, and OSL.
The Hong Kong Monetary Authority has received a total of 36 applications, including major companies such as Ant Group, Ant International, JD Coin Chain Technology, and Lianlian Digital, but only a single-digit number will be issued in the first batch, making the competition extremely fierce.
Reporters sought confirmation from HSBC and Standard Chartered's mainland subsidiaries, but both sides did not respond directly. An insider from a foreign bank mentioned they are still waiting for formal regulatory news, and the Hong Kong Monetary Authority also stated that it does not comment on market rumors.
#HongKongStablecoinNewPolicy
