Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses

The Hong Kong Monetary Authority (HKMA) is moving carefully as it begins the stablecoin licensing process. Despite receiving interest from 77 institutions by the end of last month, the regulator plans to issue only a few licenses in the first phase. This cautious rollout aims to maintain oversight while gradually testing Hong Kong’s stablecoin ecosystem. … source: https://coinpedia.org/news/hong-kong-crypto-regulation-tightens-with-limited-stablecoin-licenses/