Hong Kong Monetary Authority Receives Interest from 77 Institutions for Stablecoin Licenses

According to PANews, the Hong Kong Monetary Authority (HKMA) has received expressions of interest from 77 institutions for stablecoin issuer licenses as of the end of August. These institutions include banks, technology companies, securities and asset management firms, e-commerce platforms, payment institutions, and Web3 startups. The HKMA has begun meetings with these interested parties, emphasizing that expressing interest and attending meetings does not guarantee approval. The final issuance of licenses will depend on whether applications meet the necessary criteria, with only a limited number of licenses expected to be granted initially source: https://www.binance.com/en/square/post/29100247064233?utm_source=BinanceNewsRSS