Hoh, feeling like it's going to be delayed

According to Foresight News, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), stated that to maintain market integrity and investor protection, the Securities and Futures Commission (SFC) has established a dedicated market surveillance team and advanced systems to closely monitor trading activities. The SFC will take strict action against any manipulative or fraudulent behavior that could undermine market integrity. The HKMA takes a rigorous and prudent approach to reviewing applications for stablecoin issuer licenses, with very high standards. Initially, only a few licenses will be granted. The HKMA has held preliminary discussions with several institutions regarding stablecoin licenses, but these discussions do not constitute approval of any institution.