The Hong Kong Monetary Authority has received applications for stablecoin licenses from 36 institutions as of the end of September
2025-10-02 00:33:02
The Hong Kong Monetary Authority revealed that as of September 30, it had received applications for stablecoin licenses from 36 institutions, including banks, technology companies and other institutions. The HKMA will approve under the Stablecoin Ordinance and strive to announce the first batch of licenses early next year, and only issue a few licenses in the first stage. Previously, the HKMA had encouraged institutions interested in applying for licenses to contact the HKMA on or before August 31 and submit applications on or before September 30. (every online)
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