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HKMA to Issue Limited Stablecoin Licenses in First Round
HKMA to Issue Limited Stablecoin Licenses in First Round
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BTCCSquare news:
Hong Kong's monetary authority is taking a measured approach to stablecoin regulation, with only a select few licenses expected in the initial phase. The HKMA's cautious stance comes as 77 institutions vie for approval, including major players like ICBC (Asia), BOC Hong Kong, and HSBC.
Market observers point to Standard Chartered and BOC Hong Kong as likely frontrunners for first-round approvals. The limited licensing framework underscores Hong Kong's attempt to balance innovation with financial stability in the digital asset space.
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