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OHKF: HK Stablecoin Regulation & Policy Direction Clear
The Hong Kong Monetary Authority (HKMA) revealed that, as of the end of August, it received 77 expressions of interest in applying for stablecoin licenses, involving banks, technol...
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The Hong Kong Monetary Authority (HKMA) revealed that, as of the end of August, it received 77 expressions of interest in applying for stablecoin licenses, involving banks, technology firms, securities/asset management/investment firms, e-commerce, payment institutions, startups and web3 enterprises, etc..

Alex Mak, Head of Greater Bay Area Development at Our Hong Kong Foundation (OHKF), said in an interview with RTHK that, amidst the stablecoin craze, many companies are eager to seize early opportunities.

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The clear direction of Hong Kong's stablecoin regulation and policy attracted numerous institutions, with the number of license applications exceeding expectations. Mak believed that large technology companies will likely use stablecoins in payment scenarios, while traditional financial institutions may apply them in cross-border settlement.

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