HKMA’s Stablecoin Regime Attracts 77 Inquiries – Limited Early Licenses Raise Stakes

The Hong Kong Monetary Authority has received 77 expressions of interest for stablecoin licenses and is now conducting meetings with applicants, according to a report published by HK01 on September 1. A spokesperson for the HKMA said the interested parties span multiple sectors, including banks, technology firms, asset managers, e-commerce platforms, payment companies, and Web3 startups. […] source: https://cryptonews.com/news/hkma-stablecoin-regime-77-inquiries-limited-licenses/