Multiple International Companies Apply for Hong Kong’s Stablecoin Licensing

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The post Multiple International Companies Apply for Hong Kong’s Stablecoin Licensing appeared first on Coinpedia Fintech News The Hong Kong Legislative Council passed the Stablecoin Ordinance on May 21, and it will come into effect on August 1, 2025. Now, the Hong Kong Monetary Authority ( HKMA ) will begin accepting license applications. However, it has been speculated that the licenses are relatively short, contrary to the growing demand. More than 40 companies are preparing to apply. Competit...