Hong Kong to Issue First Stablecoin Licenses in March, Testing Limits of Crypto Reform Under Beijing’s Watch

Hong Kong is moving toward granting its first stablecoin licenses as early as March, advancing a tightly controlled digital-asset regime that regulators describe as pragmatic financial innovation rather than a retreat from China’s broader hostility to cryptocurrency activity. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), told the Legislative Council on Feb.

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