[Second Batch of Hong Kong Compliant Stablecoin License Applications Underway, Futu Securities and OSL Group Competing] According to Deep Tide TechFlow on April 11, as reported by Caixin, the second batch of Hong Kong compliant stablecoin licenses is currently in the application process. Sources revealed that both Futu Securities and OSL Group are contenders. In November last year, the People's Bank of China and 13 other ministries reiterated the crackdown on virtual currency transactions within mainland China and classified stablecoins as virtual currencies, making stablecoin transactions unavailable in mainland China.