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Hsu Zhengyu: Partial Stablecoin License Expected to be Issued in Early Next Year
December 19 News, according to Hong Kong Economic Daily, Hong Kong Financial Services and the Treasury Bureau Secretary Hsu Zhengyu stated on Friday (19th) that as of the end of September this year, 36 stablecoin license applications have been received from various industries. It is expected that some licenses will be issued in early next year, with a priority on prudent reserve management, price stability, and anti-money laundering measures. He pointed out that these measures not only protect investors but also reduce ambiguities that could lead to trading conflicts by establishing clear compliance pathways, helping to resolve potential disputes.