Hong Kong Draws Stablecoin Applications | Crypto

Hong Kong is processing license inquiries from more than 40 companies ahead of its new stablecoin regulation, according to a report published by Yicai. The regulation, under the Stablecoin Bill, will come into effect on August 1, when the Hong Kong Monetary Authority (HKMA) begins accepting formal applications.Major Firms Line Up for Stablecoin Licenses Firms […] The post Hong Kong Draws Stablecoin Applications from Over 40 Major Firms appeared first on Cryptonews.