Hong Kong Aims to Issue Stablecoin Licenses Within the Year, Multiple Stocks Respond to Relevant Layouts on Interactive Platforms

The concept of stablecoins has remained strong recently. In terms of news, the Hong Kong "Stablecoin Ordinance" will take effect in August. Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said on the 7th that the Hong Kong Monetary Authority is currently consulting the market on the implementation guidelines of the ordinance, which will be announced within this month. The specific content will involve anti-money laundering and other related requirements. Christopher Hui also stated that the number of stablecoin licenses granted will be a single digit, and he hopes to receive applications after the ordinance takes effect, with the goal of issuing licenses within this year. Tonight, many related concept stocks responded on the interactive platform, disclosing their related layouts in stablecoins and virtual assets.
—DPtech: The company is not involved in stablecoin-related businesses for the time being;
—Sinolink Securities: Sinolink Securities Limited, a subsidiary of the company, is preparing to apply for a virtual asset-related trading license;
—Jihong shares: There are currently no plans to apply for a stablecoin license;
—Eastcompeace: The company did not participate in JD.com's testing business for applying for a stablecoin license in Hong Kong;
—Jihong shares: There are currently no plans to apply for a stablecoin license. (Zhitong Finance) [Odaily Planet Daily]