Hong Kong Monetary Authority to Consider New Stablecoin Licenses After First Batch, With Long-Term Monitoring

According to Hong Kong Monetary Authority Governor Eddie Yue, speaking to the Legislative Council yesterday (May 4), the authority will consider issuing new stablecoin licenses after the first batch of stablecoins launches, but will strictly control the number based on market capacity and emerging risks. The HKMA will also implement long-term continuous monitoring of stablecoin deployments to manage market expectations around license issuance.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments