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.

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