Hong Kong's First Batch of Stablecoin Issuers Licensees to Be Fewer Than 4

BlockBeats News, March 11th, according to Hong Kong Economic Times report, Hong Kong's first batch of stablecoin licenses is less than 4, industry sources pointed out that the first batch of stablecoin issuers participating in the HKMA's sandbox testing did not include RoundCoin Technology founded by Joseph Yam, former chief executive of the HKMA.

The HKMA previously revealed that in the first round, 36 institutions submitted stablecoin license applications, but emphasized that the number of stablecoin licenses in the first batch will definitely not be large, with a focus on prudence.