🔥Caixin: The second batch of Hong Kong compliant stablecoin licenses are under application
According to Caixin, the second batch of Hong Kong compliant stablecoin licenses are currently being applied for. Reliable sources reveal that Futu Securities and OSL Group are both contenders for the second batch of licenses. In November last year, the People's Bank of China and 12 other ministries reiterated their crackdown on virtual currency trading within China, and classified stablecoins as virtual currencies, which means stablecoin trading will not be possible in mainland China.
🔥Caixin: The second batch of Hong Kong compliant stablecoin licenses are under application
According to Caixin, the second batch of Hong Kong compliant stablecoin licenses are currently being applied for.
Reliable sources reveal that Futu Securities and OSL Group are both contenders for the second batch of licenses.
In November last year, the People's Bank of China and 12 other ministries reiterated their crackdown on virtual currency trading within China, and classified stablecoins as virtual currencies, which means stablecoin trading will not be possible in mainland China.