Hong Kong Starts Second-Round Stablecoin License Reviews; Futu, OSL Emerge as Top Candidates
Uk Jin
Summary
- The Hong Kong Monetary Authority (HKMA) is conducting a second round of reviews for stablecoin licenses, according to a report.
- People familiar with the matter said Futu Securities and OSL Group are leading candidates for the second round of stablecoin issuance licenses.
- The HKMA said it had received applications from 36 institutions in total and first granted a license to Anchorpoint Financial Technology, a joint venture of HSBC and Standard Chartered.
Forecast Trend Report by Period
Hong Kong is stepping up its rollout of stablecoin licenses.
BlockBeats, citing Caixin, reported on April 11 that the Hong Kong Monetary Authority is conducting a second round of reviews for stablecoin issuance licenses. People familiar with the matter identified Futu Securities and OSL Group as leading candidates.
The HKMA previously received applications from 36 institutions. A day earlier, it granted a license to Anchorpoint Financial Technology, a joint venture of HSBC and Standard Chartered.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
