According to Caixin news, the first batch of stablecoin licenses in Hong Kong may be reduced to 3-4 entities, and the Monetary Authority has realized that the regulatory responsibility mainly falls on itself.

Several Chinese-funded banks and brokerages in Hong Kong are actively positioning themselves, with institutions such as Bank of China Hong Kong and China Construction Bank Asia expressing interest in participating.

It is worth noting that insiders have pointed out the core issue: currently, there is no public chain with global influence in the country, and it is suggested that state-owned enterprises should take the lead in building a national-level public chain.

This statement carries significant information, subtly hinting that there may be major movements at the policy level.

Meanwhile, the U.S. SEC has initiated a nationwide series of roundtable discussions, and various signs indicate that the global regulatory landscape is undergoing a reshaping. $BTC