On July 15, according to Glodon News, China 33 Media (08087.HK) announced that the group intends to apply for a Hong Kong stablecoin license. The required funds will be allocated from the net proceeds from the placement of new shares under the general authorization and the company's existing cash reserves. [PANews]

China 33 Media (08087.HK) plans to apply for Hong Kong stablecoin license

On July 15th, according to Zhitong Finance, China SanSan Media (08087.HK) issued an announcement stating that the group plans to apply for a Hong Kong stablecoin license. The required funds will be allocated from the net proceeds of the placement of new shares under the general authorization and the company's existing cash reserves. [TechFlow]

China 33 Media (08087.HK) Plans to Apply for Hong Kong Stablecoin License

With the "Stablecoin Ordinance" officially taking effect on August 1, currently 50 to 60 companies intend to apply for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [ChainCatcher]

More than 50 companies in Hong Kong intend to apply for stablecoin licenses.

According to Hong Kong 01, with the "Stablecoin Ordinance" officially taking effect on August 1, there are currently 50 to 60 companies intending to apply for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese capital backgrounds. Cobo COO Lily expects that Hong Kong may only issue 3 to 4 licenses in the first phase, with a total of no more than 10, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [Wu Shuo]

On July 14th, with the "Stablecoin Ordinance" officially taking effect on August 1st, 50 to 60 companies are currently interested in applying for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [BlockBeats]

Hong Kong's stablecoin regulations will take effect on August 1, and over 50 companies intend to apply for Hong Kong stablecoin licenses.

On July 14th, with the "Stablecoin Ordinance" officially taking effect on August 1st, there are currently 50 to 60 companies interested in applying for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. [BlockBeats]

On July 14th, as the "Stablecoin Regulation" is set to be officially implemented on August 1st, currently, 50 to 60 companies are planning to apply for a Hong Kong stablecoin license, with half of them being payment institutions and the other half being well-known internet companies, most of which have a Chinese background. The industry estimates that only 3 to 4 licenses will be issued in the initial stage, and initially, stablecoins will mainly be pegged to the Hong Kong dollar and the US dollar. [BlockBeats News]

Hong Kong Stablecoin Regulation to Take Effect on August 1, Over 50 Companies Interested in Applying for Hong Kong Stablecoin License

With the "Stablecoin Ordinance" officially taking effect on August 1, it is reported that 50 to 60 companies intend to apply for Hong Kong stablecoin licenses. Half of these are payment institutions, and the other half are well-known internet companies, most of which have Chinese capital backgrounds. The industry expects only 3 to 4 licenses to be issued in the first phase, with initial stablecoins mainly pegged to the Hong Kong dollar and the U.S. dollar. (Hong Kong 01) [Odaily Planet Daily News]

On July 14 (UTC+8), with the "Stablecoin Ordinance" officially taking effect on August 1, there are currently 50 to 60 companies interested in applying for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known internet companies, most of which have Chinese capital backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the U.S. dollar. (Source: Odaily) [MetaEra]

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said in an interview that only a small number of licenses will be issued in the first phase of stablecoin regulation. Regarding whether it is possible to issue RMB stablecoins, he said that there are currently no restrictions on pegged currencies, but if it involves other regional currencies, it may be necessary to consult with relevant institutions. [Foresight News]

Hong Kong Secretary for Financial Services and the Treasury: Only a small number of stablecoin licenses will be issued in the first phase, and asset tokenization such as ETFs will be promoted in the future.

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in an interview that only a small number of stablecoin licenses will be issued in the first phase. Regarding whether a Renminbi stablecoin can be issued, Christopher Hui said that there are no restrictions on the linked currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with local currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds ETFs, and it is believed that commodity trading such as metals can also be studied for payment with tokens. [BlockBeats]

Hong Kong Financial Services and the Treasury Bureau's Christopher Hui: Only a small number of stablecoin licenses will be issued in the first phase

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview that only a small number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing a Renminbi stablecoin, Christopher Hui stated that there are no restrictions on the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. Christopher Hui emphasized that the government will take the lead in promoting stablecoin applications, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [BlockBeats]

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui: Only a small number of stablecoin licenses will be issued in the first phase

July 13th: Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated in an interview that only a small number of stablecoin licenses would be issued in the first phase. As for whether a RMB-based stablecoin could be issued, Yue mentioned that there are no restrictions on the pegged currency; however, if it involves currencies from other regions, it may be necessary to consult with relevant institutions. Yue emphasized that the government will take the lead in promoting stablecoin applications, especially focusing on cross-border payment scenarios to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to the trading of Exchange-Traded Funds (ETFs), and he believes that commodity trading, such as metals, can also be explored for tokenized payments. [BlockBeats News]

Hong Kong Treasury Bureau's James Lau: Only a small number of stablecoin licenses will be issued in the first phase

According to cable news reports, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in an interview that only a small number of stablecoin licenses will be issued in the first phase. As for whether a Renminbi stablecoin can be issued, he said that the law does not restrict the types of currencies pegged, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [Wu Shuo]

Christopher Hui: Stablecoin licenses to be issued in limited quantities in the first phase; tokenization of financial assets to be extended to ETFs

On July 13 (UTC+8), Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview that only a small number of stablecoin licenses will be issued in the initial stage. Regarding the issuance of RMB stablecoins, Hui pointed out that the law does not restrict the linked currencies, but if it involves currencies from other regions, it may be necessary to negotiate with relevant institutions. He emphasized that the government will actively promote the application of stablecoins, especially in the field of cross-border payments, to help developing countries cope with currency devaluation and financial risks. Hui also mentioned that Hong Kong will promote the tokenization of financial assets. Following green bonds, the next step will be to expand the target to exchange-traded funds (ETFs) and study token payments for commodities such as metals. (Source: Mlion.ai) [MetaEra]

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview with i-CABLE Finance Channel's "Wealth Wise" that only a limited number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing RMB stablecoins, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to consult with relevant institutions.

Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [Deep Tide TechFlow]

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated in an interview with Cable News' "Wealth Wise" that only a small number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing RMB stablecoins, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions.

Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [ChainCatcher]

据Glodon News报道，7月15日，中国33 Media（08087.HK）宣布集团计划申请香港稳定币牌照。所需资金将来自于根据一般授权配售新股的净收益以及公司现有现金储备。[PANews]

China 33 Media（08087.HK）计划申请香港稳定币牌照

據Glodon News報道，7月15日，中國33 Media（08087.HK）宣佈集團計劃申請香港穩定幣牌照。所需資金將來自於根據一般授權配售新股的淨收益以及公司現有現金儲備。[PANews]