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🔥 Hong Kong Monetary Authority announces the first stablecoin licenses; HSBC and Standard Chartered receive licenses
On April 10, according to the Hong Kong Monetary Authority’s website, the Financial Secretary granted stablecoin issuer licenses under the 《Stablecoin Regulation》 to two institutions: Dingdian Financial Technology Company Limited (a company jointly formed by Standard Chartered Bank (Hong Kong), Hong Kong Telecom, and Anli Group) and HSBC. This move marks a new phase in the implementation of Hong Kong’s stablecoin regulatory regime.