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Hong Kong Monetary Authority Governor: Will implement long-term continuous monitoring for the adoption of stablecoins
Mars Finance News: After attending a Legislative Council meeting, Hong Kong Monetary Authority Chief Executive Eddie Yue stated that after the first batch of stablecoins are launched, they will consider issuing new licenses, but the number will still be strictly controlled based on market capacity and new risk situations to prevent unrealistic market expectations about the number of licenses, and they will also implement long-term continuous monitoring of the landing of stablecoins.