Several institutions such as JD.com, Standard Chartered, Ant Group, and others are preparing for the Hong Kong stablecoin license, with the expected number of licenses to be issued in single digits.

By: theblockbeats.news|2025/07/08 19:07:47
0
Share
copy

BlockBeats News, July 8th, according to China's First Financial Daily report, the Hong Kong "Stablecoin Regulation" will take effect on August 1st this year, when the Hong Kong Monetary Authority will begin to accept license applications. Hong Kong stablecoin licenses are relatively rare and highly sought after, with the expected number of licenses to be issued in single digits. Apart from already officially announced applicants such as JD.com, Standard Chartered, RoundCoin, more than 40 companies are preparing to submit applications, with law firms indicating that dozens of companies interested in applying are currently in the consultation or preparation stage. The applying institutions are mostly China's largest financial institutions and internet companies, while some small enterprises intending to apply have slim hopes.

-- Price

--

You may also like

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

Cursor, why did you get on Musk's spaceship?

SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Overview of Important Market Events on June 16

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com