Caixin: Second Batch of Hong Kong Regulatory Compliant Stablecoin Licenses Underway

BlockBeats News, April 11th, according to Caixin, the second batch of Hong Kong's compliant stablecoin licenses is already in the application process. Reliable sources revealed that Futu Securities and OSL Group are both contenders for the second batch of licenses. However, in November last year, the People's Bank of China and 13 other departments reiterated their stance to crack down on cryptocurrency trading within China and classified stablecoins as virtual currencies, which means that stablecoin transactions will not be possible in mainland China.