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#Gate广场四月发帖挑战
Breaking news! HSBC and Standard Chartered obtain stablecoin licenses in Hong Kong
As expected by the market, Hong Kong authorities still favor traditional banks with stronger financial strength and more extensive experience for licensing, and there is no surprise "third" license slot. The previously high-profile joint applications by O*SL and Standard Chartered + Animoca Brands + Hong Kong Telecom were all unsuccessful, indicating that Hong Kong authorities are becoming very cautious about the operation of stablecoins. This marks a significant change from the previously proactive, bold, and innovative impression, possibly related to China's strict regulation of digital currencies, similar to what Zhou Xiaochuan said before: "Dollar stablecoins or supporting dollarization can have many side effects on the economy," which indirectly reflects China's view on stablecoins. Now it seems that even Hong Kong, once considered a "dreamland for stablecoins," is no longer so. Digital currencies in China are truly facing great difficulties!
Breaking news! HSBC and Standard Chartered obtain stablecoin licenses in Hong Kong
As expected by the market, Hong Kong authorities still prefer traditional banks with stronger financial strength and more extensive experience to hold licenses, and there was no surprise that the much-anticipated third license was not granted. The joint applications from O*SL and Standard Chartered + Animoca Brands + Hong Kong Telecom were all unsuccessful, indicating that Hong Kong authorities have become very cautious about the operation of stablecoins. This marks a significant change from the previously proactive and bold innovative impression, possibly related to mainland China's strict regulatory stance on digital currencies, similar to what Zhou Xiaochuan previously said: “Dollar stablecoins or supporting dollarization can have many side effects on the economy,” which indirectly reflects mainland China's view of stablecoins. It now seems that even Hong Kong, once considered a “dream country for stablecoins,” no longer holds that hope. Digital currencies in China are truly facing great difficulties!