Hong Kong Money Authority to Grant First Stablecoin Licenses in March

The Hong Kong Money Authority (HKMA) plans to issue its first Stablecoin Issuer Licenses in March. According to a report from Reuters, HKMA chief executive Eddie Yue told members at a meeting of the legislative council on Feb. 2 that the central bank expected to issue a “very small number” of licenses in March, though no specific date or further information regarding the potential licensees was given. The HKMA had previously revealed that it received 36 completed applications for Stablecoin Issuer Licen ...