Hong Kong is issuing licenses, while the mainland is tightening regulations.

On April 11, it was reported that the application process for the second batch of compliant stablecoin licenses in Hong Kong has already begun, with institutions like Futu Securities and OSL Group reportedly competing for entry.
But on the other side, the People's Bank of China and 13 other ministries have already set the tone: stablecoins = virtual currencies, and strict regulation continues.
In the same race, two different attitudes.
One is embracing, the other is isolating.
The question is: where will the funds go? #Gate广场四月发帖挑战 #香港稳定币牌照 $RAVE