The "license competition" in the Hong Kong stablecoin market, which was once bustling, seems to have entered a period of calm. Initially, many companies rushed to apply for Hong Kong stablecoin licenses, but now many have slowed down, with some even considering withdrawal. This is not due to a lack of courage, but rather the complex rules and uncertain situation behind it have left people feeling confused.
The new regulations launched in Hong Kong in August significantly raised the entry threshold. A registered capital of 25 million HKD is merely the basic requirement for entry; more criticall
View OriginalThe new regulations launched in Hong Kong in August significantly raised the entry threshold. A registered capital of 25 million HKD is merely the basic requirement for entry; more criticall