Hong Kong Stablecoin License Go Invite-Only for Aug 2025
Di Hong Kong stablecoin license system go launch for August 1, 2025 under HKMA new invite-only framework. The invite-only stablecoin license need say dem go pre-screen issuers for risk control, anti-money laundering compliance plus clear real-world use cases. Over 40 firms don show interest, but na only small number licenses dem expect, dis show say regulators still dey cautious. Dis Hong Kong stablecoin license scheme wan attract global institutions, increase market liquidity plus boost competitiveness. More crypto rules go out later for trading platforms, OTC service and custodians dem.
Bullish
Di invite-only stablecoin license wey dem get for Hong Kong na beta level for crypto market dem. For short term, di limited license fit hold new issuances, but di strong checking go boost trust plus compliance. For long term, if dem fit bring top global issuers come, e go make liquidity plus competitiveness better for di area. Dis structured approach show say regulatory support strong, e fit encourage more investment plus innovation for stablecoins.