Caixin: Sources say JD.com and Ant may have difficulty appearing on the first list of stablecoin licenses
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最新报道：According to a report by Caixin, sources close to stablecoin license applicants told Caixin that the surge in Hong Kong's stablecoin craze will subside as regulatory details are finalized. This is particularly true for non-financial institutions whose primary application scenarios are cross-border payments, which may voluntarily abandon early participation due to difficulties in meeting regulatory requirements to verify the identity of every coin holder. This also means that early-stage internet platforms such as JD.com and Ant Financial may have a difficult time appearing on the initial list of licenses. Furthermore, CITIC Group, through its Hong Kong subsidiary CNCBI, has partnered with several institutions to apply for the first batch of stablecoin licenses. Industry insiders suggest that Bank of China (Hong Kong), as one of Hong Kong's three major note-issuing banks, would have inherent advantages if it issued a stablecoin, which would also reassure regulators in both Hong Kong and Hong Kong.
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