Wu Blockchain (@WuBlockchain): The issuance of Hong Kong's first batch of stablecoin licenses, originally scheduled for the end of March, has been postponed.
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The issuance of Hong Kong's first batch of stablecoin licenses, originally scheduled for the end of March, has been postponed. The Hong Kong Monetary Authority previously stated that it had received 36 license applications and would issue the first batch in March. HSBC and Standard Chartered were rumored to be leading the pack. Hong Kong is concerned that stablecoins may be used for money laundering and may therefore implement stricter KYC regulations.