[Chain News] On September 1, it was reported that the Hong Kong Monetary Authority has received expressions of intent from 77 institutions for the issuance of stablecoin licenses as of the end of August, including banks, technology companies, securities and asset management firms, e-commerce, payment institutions, and Web3 startups. The Monetary Authority has been arranging meetings with the relevant institutions, emphasizing that expressions of intent and meetings do not represent approval, and the final issuance of licenses will depend on whether the applications meet the requirements. In the initial stage, only a small number of licenses will be granted, and citizens are reminded to be cautious of unlicensed stablecoin promotions.
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DataBartender
· 09-04 11:54
Is it that easy to get rich?
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LightningLady
· 09-04 06:47
Alright, the license could be issued before October.
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RugPullAlertBot
· 09-04 06:44
Let's wait and see how many of these companies will survive.
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0xInsomnia
· 09-03 07:30
This batch batch batch batch
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alpha_leaker
· 09-01 12:22
Coming out to mix is a bull, who is with me to da moon in Asia.
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TestnetNomad
· 09-01 12:19
Too many institutions are flocking together, can regulation keep up?
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Layer3Dreamer
· 09-01 12:18
theoretically speaking, only ~3% will pass zk verification standards...
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MissedAirdropAgain
· 09-01 12:06
You didn't miss the airdrop opportunity again, did you?
The Hong Kong Monetary Authority has received applications for stablecoin licenses from 77 institutions.
[Chain News] On September 1, it was reported that the Hong Kong Monetary Authority has received expressions of intent from 77 institutions for the issuance of stablecoin licenses as of the end of August, including banks, technology companies, securities and asset management firms, e-commerce, payment institutions, and Web3 startups. The Monetary Authority has been arranging meetings with the relevant institutions, emphasizing that expressions of intent and meetings do not represent approval, and the final issuance of licenses will depend on whether the applications meet the requirements. In the initial stage, only a small number of licenses will be granted, and citizens are reminded to be cautious of unlicensed stablecoin promotions.