Several institutions such as JD.com, Standard Chartered, Ant Group, and others are preparing for the Hong Kong stablecoin license, with the expected number of licenses to be issued in single digits.

By: theblockbeats.news|2025/07/08 11:07:47
Share
copy

BlockBeats News, July 8th, according to China's First Financial Daily report, the Hong Kong "Stablecoin Regulation" will take effect on August 1st this year, when the Hong Kong Monetary Authority will begin to accept license applications. Hong Kong stablecoin licenses are relatively rare and highly sought after, with the expected number of licenses to be issued in single digits. Apart from already officially announced applicants such as JD.com, Standard Chartered, RoundCoin, more than 40 companies are preparing to submit applications, with law firms indicating that dozens of companies interested in applying are currently in the consultation or preparation stage. The applying institutions are mostly China's largest financial institutions and internet companies, while some small enterprises intending to apply have slim hopes.

You may also like

WEEX × LALIGA: Seven Stars That Represent a Shared Standard of Excellence

True excellence in football is never accidental. It is built on discipline, consistency, and the ability to deliver under pressure — season after season. The same principles apply in professional trading, where long-term performance matters more than short-lived momentum. As an official regional partner of LALIGA, WEEX highlights seven outstanding players who embody the league’s competitive spirit and global appeal. Each brings a unique style to the pitch, yet all share values that closely align with WEEX’s commitment to stability, precision, and professional execution. This partnership is built on shared standards — where consistency and control define performance under pressure.

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Domestic AI projects are surging, while domestic public blockchains are bickering

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

The market's potential to advance is now less about regulatory permissiveness and more about whether participants are truly ready to operate under a more transparent and rigorous ruleset.

The first large-scale adoption of a "yield-bearing stablecoin" was in China

The digital renminbi has transitioned from "digital cash" to "digital currency".

4 Years of Web3 Entrepreneurship: 7 Key Takeaways

Iteration speed, user mindset, and marketing ability are more important than perfect technology.

$50 to $1 Million: How to Survive in the Meme Battlefield with 'Wallet Tracking'

My reliance is not on the luck of a single transaction skyrocketing, but on consistently capturing replicable market patterns.

Popular coins

Latest Crypto News

Read more