Hong Kong is making a new rule about digital money called stablecoins, and it will start on August 1 this year.

The people in charge, called the Hong Kong Monetary Authority, will start giving out special licenses to companies that want to create or manage this kind of money.

They will only give a few licenses, probably less than 10, but over 40 big companies in China, like huge banks and internet companies, are already getting ready to apply.