Asia Crypto News: More than 40 Firms Preparing Hong Kong Stablecoin License Applications

Hong Kong Stablecoin Rules Trigger Speculation About a Yuan-Pegged Digital Currency

Hong Kong Stablecoin Rules Trigger Speculation About a Yuan-Pegged Digital Currency - Digital shares soar amid speculation Hong Kong could become a sandbox for offshore renminbi stablecoins

Asia Crypto News: More than 40 Firms Preparing Hong Kong Stablecoin License Applications

The number of approved applications is expected to be small, according to reports from China media.

40+ Firms Race for Hong Kong Stablecoin Licenses - Bitcoinsensus

40+ firms race for Hong Kong stablecoin licenses as the city prepares to launch its new stablecoin regime on August 1. We’ve already examined how similar regulations, such as the Genius Act, are being actively pushed in the U.S., along with their more and less obvious similarities and differences. However, applications have already been submitted to the HKMA by a range of companies – from major Chinese banks to fintech and Web3 players – and it …

More than 40 companies are in fierce competition to issue stablecoins in Hong Kong: report

The race for stablecoin licenses in Hong Kong is heating up, with dozens of firms preparing to apply ahead of the new regulatory framework set to go live. According to a recent report by local media outlet First Financial, more…

Over 40 Firms Eye Scarce Hong Kong Stablecoin Licenses

Hong Kong expects to issue fewer than 10 stablecoin licenses despite 40+ applicants. JD.com, Standard Chartered, and Ant Group are leading the stablecoin license race. Experts warn stablecoins enhance payments but won’t replace sovereign currencies. Hong Kong’s stablecoin regulatory framework is set to launch on August 1. The Hong Kong Monetary Authority (HKMA) will begin accepting license applications on the same day. However, the number of lic…

Hong Kong to launch stablecoin licensing in August 2025 – Details

One regime, many implications, Hong Kong’s stablecoin law could either lead the charge or fade behind U.S. momentum.