Hong Kong Monetary Authority to Implement Long-Term Monitoring of Stablecoins After First Launch

According to ChainCatcher, Hong Kong Monetary Authority Chief Executive余伟文 stated after attending a Legislative Council meeting that the authority will implement long-term continuous monitoring of stablecoin implementation. The HKMA will consider issuing new stablecoin licenses after the first batch of stablecoins launch, but the number of licenses will be strictly controlled based on market capacity and emerging risks to avoid unrealistic market expectations.
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ABigHeartvip
· 05-05 05:12
After the launch of the first batch of stablecoins, the Hong Kong Monetary Authority will consider issuing new stablecoin licenses, but the number of licenses will be strictly controlled based on market capacity and emerging risks to avoid unrealistic market expectations.
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