Hong Kong Monetary Authority: First batch of stablecoin licenses to open for applications in August-September, stricter KYC to be implemented for holders

According to Caixin, the Hong Kong Monetary Authority announced that the first batch of stablecoin issuer licenses in Hong Kong will be open for application from August 1, 2025, to September 30, and the identity of each Hong Kong compliant stablecoin holder must be verified in the initial stage. [Wu Blockchain]