Hong Kong opens the Stablecoin license: banks and brokers are rushed star-news.press/wp
On August 1, the Stablecoin Law in Hong Kong was officially entered. Hkma Absolute Detailed licensing instructions covering capital, nursery, kyc, reserves, and governance requirements.
The banks lead the race
Higher banks are expected to be applied in the issuance of banknotes such as Bochk and Standard Chartered first. They have organizational and institutional advantages under the Hong Kong currency system. Each stablecoin should maintain full FIAT support under strict banking custody.
HKMA will only issue some licenses in the first batch. By September 30, applicants must present to it. The exporters do not advance within three months to confront the closure by November.
Many players are preparing for requests now. Both state -owned companies, sand fund companies, and Fintech giants participate. The success of the application depends on cases of use in the real world and sustainability.
The targeted scenarios include assets symbol, border payments, and encryption circulation. Using cases will determine these companies that obtain approval.
Securities companies will initially focus on trading, custody and consulting services. They also explore the services of the distinguished assets portfolio. So far, 44 broker promoted type 1 licenses.
Hong Kong’s best brokers are racing to secure encryption licenses now. Failure to do this risk losing competitiveness in digital financing. The main Chinese brokers have already been upgraded like Guoii Junan and EastMoney.
Organizational warnings
Hong Kong organizations warning Of noise and upcoming speculation risks. Investors must carefully assess asset support and project ability. Distinctive symbols still can still appear despite the new rules.
Some CNCOins companies are explored by CNH for cross -border payments. For example, the Chinese Asset Management Company (Hong Kong) Firing Multiple symbolic funds this year. The Hua Xia RMB digital currency box became the first RMB box abroad. Industry experts view This is as a historical event that explores the possibilities of the RMB Stablecoin abroad.
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2025-08-01 02:30:00
