✅ Binance Square Post:
🚨 BREAKING: Hong Kong to Issue Only 3–4 Stablecoin Licenses! 🌏💱
🇭🇰 The Hong Kong Monetary Authority (HKMA) will limit its first stablecoin licenses to just 3–4 firms by August 1, 2025, aiming for compliance-first, stable financial innovation.
🔐 Backed by tight regulation and close cooperation with the People's Bank of China, top banks like Bank of China (HK) and China Construction Bank (Asia) are already showing interest.
🧠 Why it matters:
• Strong compliance = investor trust
• Cross-border payments may evolve fast
• Only financially solid firms will qualify
📊 ETH trades at $3,469.13 (+89.76% in 90 days), reflecting growing confidence in regulated crypto markets, even as it dipped 6.95% this week.
💬 Could this be the turning point for global stablecoin regulation?
👇 Drop your thoughts!