The Hong Kong Monetary Authority recently revealed that the issuance of stablecoin licenses will adopt a 'limited approval' strategy, and initially, not too many licenses will be issued to avoid excessive market competition. At the same time, South Korea's Kakao has officially announced its entry into the Korean won stablecoin business, further indicating the proactive layout of Asian countries regarding digital currency regulatory frameworks. On the other hand, there are reports that a certain exchange is evaluating the possibility of going public in the U.S., which means that crypto exchanges are accelerating their embrace of traditional financial markets to enhance compliance and transparency. Overall, the stablecoin sector is entering a new round of regulatory reshuffling.
