Hong Kong ready to issue first stablecoin licenses in March, Financial Secretary says

HONG KONG — Hong Kong is ready to begin issuing the first of its stablecoin licenses next month, the Special Administration Region's Financial Secretary said Wednesday. Hong Kong will only issue a small batch of licenses initially, Hong Kong's Paul Chan Mo-Po said Wednesday at CoinDesk's Consensus Hong Kong conference. "In giving our licenses, we ensure that licensees have novel use cases, a credible and sustainable business model and strong regulatory compliance capabilities," he said. Hong Kong is al ...