Techub News reports that, according to multiple informed sources, Hong Kong's first batch of compliant stablecoin licenses is expected to be issued by the end of March. HSBC and Standard Chartered are expected to be the first institutions to receive approval. Sources say that after the first batch of licenses is granted, the approval process for the second batch will also proceed quickly, with an announcement expected soon.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News reports that, according to multiple informed sources, Hong Kong's first batch of compliant stablecoin licenses is expected to be issued by the end of March. HSBC and Standard Chartered are expected to be the first institutions to receive approval. Sources say that after the first batch of licenses is granted, the approval process for the second batch will also proceed quickly, with an announcement expected soon.