Hong Kong’s HKMA to issue few stablecoin licenses at launch as banks race for early slots

The Hong Kong Monetary Authority (HKMA) said early Monday that it will approve only a few licenses in its stablecoin rollout, even though 77 institutions have already shown interest. That number came in at the end of August. It’s a full-blown stampede; banks, e-commerce platforms, tech firms, Web3 startups, payment companies, and asset managers are […] source: https://www.cryptopolitan.com/hong-kongs-hkma-few-stablecoin-licenses/