HKMA lists stablecoin issuer license requirements for applicants interested in launching HKD-backed assets

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Hong Kong Monetary Authority lists a few ‘benchmark qualification’ for firms planning to launch their own HKD-pegged stablecoins. The requirements would serve as the entry threshold According to a report by news outlet Hexun, Hong Kong Monetary Authority Chief Executive, Eddie Yue, mentioned a number of requirements that applicants will need to fulfill if they wish to register for an stablecoin issuer license. He also made it clear that participation in the government’s “sandbox program” is not ...