According to ME News, on February 10th (UTC+8), multiple sources revealed that Hong Kong's first batch of compliant stablecoin licenses is expected to be issued by the end of March, with HSBC and Standard Chartered Bank likely to be among the first recipients. The sources indicated that after the first round of licenses is issued, the second round of approvals will also proceed rapidly and is expected to be released soon. (Source: ME)
Sources familiar with the matter say the first batch of stablecoin licenses in Hong Kong is expected to be issued by the end of March, with HSBC and Standard Chartered Bank likely to be among the first to receive approval.
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