Crypto Regulation: Hong Kong Receives 77 Applications for Stablecoin Licenses

TLDR 77 firms express interest in Hong Kong’s stablecoin licensing process Applicants range from traditional banks to fintech companies and state-owned enterprises HKMA emphasizes rigorous vetting process for technical proficiency and operational resilience Stablecoin licenses may not be approved until 2025 due to extensive due diligence The outcome could set global standards for digital payment [...]

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