On July 8th, according to National Business Daily, the Hong Kong "Stablecoin Regulation" will take effect on August 1st this year, when the Hong Kong Monetary Authority will begin accepting license applications. Hong Kong stablecoin licenses are relatively scarce and in high demand, with the expected number of licenses to be issued in single digits. Besides the already announced JD.com, Standard Chartered, RoundCoin, and others, more than 40 companies are preparing to submit applications. Law firms have indicated that dozens of other interested parties are currently in the consultation or document 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. [BlockBeats News]

Data: Hong Kong Stablecoin License Expected to be Issued in Single Digits, with Dozens of Intending Applicants in Preparation Stage