【Hong Kong Financial Secretary: The goal is to issue stablecoin licenses within this year】The Hong Kong "Stablecoin Ordinance" came into effect in August. Hong Kong Financial Secretary Xu Zhengyu indicated that the Monetary Authority is currently consulting the market on the implementation guidelines for the ordinance, which will be published this month. The specific content will involve anti-money laundering and other related requirements. He also stated that the number of issued stablecoin licenses will be in single digits, hoping to receive applications after the ordinance takes effect, with the goal of issuing licenses within this year. As for whether financial institutions that obtain licenses can issue stablecoins pegged to the Renminbi, he said that if it involves currencies from other jurisdictions, discussions with relevant institutions will be necessary. (Ming Pao)