Hong Kong to Issue Limited Number of Stablecoin Licenses After Two Sessions

Hong Kong is set to release its first batch of stablecoin licenses following the conclusion of the Two Sessions. According to Foresight News, the number of licenses issued will be fewer than four. The Hong Kong Monetary Authority previously disclosed that it received applications from 36 institutions for stablecoin licenses. However, it emphasized that the initial number of licenses will be limited, aiming for a cautious and prudent approach.