Wu Blockchain has learned that in a response to the Legislative Council, the Hong Kong government stated that after the implementation of the Stablecoin Regulations, the Hong Kong Monetary Authority (HKMA) received applications from 36 institutions in the first phase. In April this year, the HKMA issued stablecoin issuer licenses to two institutions. Based on the current business plans of these two licensed issuers, regulated stablecoins in Hong Kong could be launched as early as mid-year. The HKMA is in further communication with the remaining applicants, but future licensing will maintain high standards, requiring evaluations of application scenarios, business sustainability, risk management capabilities, and compliance. They also noted that even if more licenses are issued in the future, the total number of licenses will remain very limited. https://(wublock123.com)/news/news-62592