Yu Weiwen: A summary of the “Licensing System for Stablecoin Issuers” will be released next week
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最新报道：According to Zhitong Finance, Hong Kong Monetary Authority Chief Executive Yu Weiwen said in a statement that he has noticed that there have been recent scams using the promotion of digital assets and stablecoins, causing losses to the public. The Stablecoin Ordinance came into effect on August 1. According to the regulations, it is illegal to promote any unlicensed stablecoin to the Hong Kong public from the effective date. Yu Weiwen also said that he has noticed that there have been many rumors about the application process in the market recently. The HKMA will publish a summary of the "Licensing System for Stablecoin Issuers" next week. The document will explain the arrangements for the HKMA to accept and process license applications. Interested parties please stay tuned.
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