Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hong Kong Monetary Authority: Takes an Open Attitude Towards Stablecoin Fiat Currency Pegs, Issuer Licensing Threshold Is High
By: theblockbeats.news|2025/07/30 10:12:28
0
Share
BlockBeats News, July 30th, according to a report by Economic Daily News, Eddie Yue, Deputy Chief Executive of the Hong Kong Monetary Authority, stated at a technical briefing on the regulatory regime for stablecoin issuers that the number of stablecoin issuer licenses to be issued in the first phase is not yet determined and will depend on the quality of the application materials submitted by applying institutions. It is expected that the first stablecoin issuer license will be issued in early next year, emphasizing that "the bar for approval is very high."
Eddie Yue also stated that the Hong Kong Monetary Authority is open to fiat currency pegs. Stablecoin issuers can apply for a license for a stablecoin pegged to a specific fiat currency or a basket of fiat currencies, with an emphasis on specifying the fiat currency at the time of application.
You may also like
Just now, Sam Altman was attacked again, this time by gunfire
Sam Altman's residence was shot at again, reflecting the deep anxiety and crisis of trust among the public regarding the accelerated evolution of AI into a "quasi-political force" and the lack of social checks and balances behind the extreme violence.
Straits Blockade, Stablecoin Recap | Rewire News Morning Edition
Oil Price Surges
From High Expectations to Controversial Turnaround, Genius Airdrop Triggers Community Backlash
The deadline for immediate claim is 7 days after TGE. If the user chooses immediate claim, 70% of the tokens will be automatically burned.
The Xiaomi electric vehicle factory in Beijing's Daxing district has become the new Jerusalem for the American elite
What exactly turns an automotive assembly line into a hot spot?
Lean Harness, Fat Skill: The Real Source of 100x AI Productivity
error
Ultraman is not afraid of his mansion being attacked; he has a fortress.
Publicly Betting AI Will Succeed, Secretly Preparing for AI to Go Rogue
US-Iran Negotiations Collapse, Bitcoin Faces Battle to Defend $70,000 Level
Polymarket's latest data shows that the market probability of the Fed standing pat this year has risen to 44%.
Reflections and Confusions of a Crypto VC
As the tide recedes, crypto VCs face a life-and-death test. The bubble of blind token overvaluation has been burst, and the industry's valuation logic is returning to real revenue. In the face of increasingly savvy retail investors and dried-up liquidity, VCs that can only throw money around are des...
Morning News | Ether Machine terminates $1.6 billion SPAC deal; SpaceX holds approximately $603 million in Bitcoin; Michael Saylor releases Bitcoin Tracker information again
Overview of Important Market Events on April 12
Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $816 million; the net inflow for Ethereum spot ETFs in the U.S. was $187 million
Bitwise updates Hyperliquid ETF application documents, with the trading code set as BHYP.
This week's news preview | The U.S. will release March PPI data; French President Macron will give a speech at Paris Blockchain Week
Highlights of the week from April 13 to April 19.
How Do Digital Assets Self-Custody? OpenAI Cofounder's 15-Step Checklist
It's time to outsource our memory to AI
Circle Product Management Director: The Future of Cross-Chain: Building an Interoperability Technology Stack for Internet Financial Systems
Building on the foundation laid by CCTP, Circle is increasing its investment in three main areas: settlement acceleration, broader asset interoperability, and orchestration, making cross-chain value flow more seamless and efficient, and achieving internet-level usability.
UCL Fan Tokens 2026 Guide: How to Trade UEFA Champions League Crypto with Zero Fees on WEEX
Discover UCL fan tokens like PSG, Barcelona, and Man City. Learn how to trade UEFA Champions League crypto with zero fees and earn rewards on WEEX.
WEEX Poker Party Season 2: Check How to Earn Crypto Rewards Now!
Learn how WEEX Poker Party Season 2 (Joker Card Event) works. Discover rules, scoring, rewards, and strategies to earn crypto rewards through gamified trading.
Yu Weiwen: Steady Development of Hong Kong's Compliant Stablecoin Ecosystem
The President of the Hong Kong Monetary Authority, Eddie Yue, published an article titled "Steady Development of Hong Kong's Compliant Stablecoin Ecosystem" in the official column "Hui Si," in which he pointed out that this licensing marks a new stage in the regulation of stablecoins in Hong Kong.
After TACO Ceasefire, Iran War is Just on Pause
Ceasefire Eased Market Sentiment but Did Not Address Core Conflict
The 17-Year Mystery Will Be Solved, Who is Satoshi Nakamoto?
The New York Times Traces the Mystery of Satoshi Nakamoto, with Clues Pointing to Adam Back
Just now, Sam Altman was attacked again, this time by gunfire
Sam Altman's residence was shot at again, reflecting the deep anxiety and crisis of trust among the public regarding the accelerated evolution of AI into a "quasi-political force" and the lack of social checks and balances behind the extreme violence.
Straits Blockade, Stablecoin Recap | Rewire News Morning Edition
Oil Price Surges
From High Expectations to Controversial Turnaround, Genius Airdrop Triggers Community Backlash
The deadline for immediate claim is 7 days after TGE. If the user chooses immediate claim, 70% of the tokens will be automatically burned.
The Xiaomi electric vehicle factory in Beijing's Daxing district has become the new Jerusalem for the American elite
What exactly turns an automotive assembly line into a hot spot?
Lean Harness, Fat Skill: The Real Source of 100x AI Productivity
error
Ultraman is not afraid of his mansion being attacked; he has a fortress.
Publicly Betting AI Will Succeed, Secretly Preparing for AI to Go Rogue
App