Hong Kong Monetary Authority to Consider New Licenses After Stablecoin Launch

Hong Kong Monetary Authority Chief Executive Yu Weiwen stated that following the launch of the first batch of stablecoins, the authority will consider issuing new licenses. According to ChainCatcher, Yu emphasized that the number of licenses will be strictly controlled based on market capacity and emerging risks to prevent unrealistic expectations regarding the number of licenses. Additionally, there will be ongoing monitoring of the implementation of stablecoins.