🇭🇰 Hong Kong will start issuing licenses for stablecoin firms later this year — Ming Pao newspaper.

👉 Low-impact now: HK stablecoin licenses are incremental (like 2021-24 pilots). Watch Sep 15 HK ‘Day-1’ licenses for HSBC/StanChart’s potential on-ramp of Asian settlement flows.

#Stablecoins

#Crypto

#HongKong

#Regulation