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Hong Kong Monetary Authority: Plans to issue the first stablecoin issuer licenses in March
GateNews
Odaily Planet Daily reports that Hong Kong Monetary Authority Chief Eddie Yue stated at a Legislative Council meeting on Monday that the HKMA plans to issue the first stablecoin issuer licenses in March, with the initial approval quantity to be very limited. Currently, the HKMA has received 36 applications, and the review process is nearing completion. Key review areas include risk management, anti-money laundering controls, reserve asset quality, and application scenarios. Licensed issuers must comply with local cross-border activity regulations and may explore mutual recognition arrangements with other jurisdictions in the future.
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