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Gate Square New & Returning Creator Rewards are ongoing!
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The Hong Kong Monetary Authority Receives 36 Applications for Stablecoin Licenses.
According to Foresight News, the Hong Kong Monetary Authority (HKMA) has announced that it received 36 applications for stablecoin licenses by September 30. These applications come from a diverse range of institutions, including banks and technology companies. The HKMA plans to review these applications under the Stablecoin Ordinance, aiming to issue the first batch of licenses early next year. Initially, only a few licenses will be granted. Previously, the HKMA had encouraged stakeholders to contact them before August 31 and submit their applications by September 30.