🔥 Hong Kong's stablecoin licensing system will launch in August, with over 40 companies preparing to submit applications, making it arguably the most intense selection battle in Hong Kong's financial history.
－
🤯 Despite the unprecedented enthusiasm for applications, Hong Kong officials aim to issue only "single-digit" licenses this year, meaning that only a handful of operators will ultimately be able to obtain admission tickets.

https://t.co/4RXGk7kAvs