The Hong Kong Monetary Authority may issue the first batch of stablecoin licenses to institutions such as HSBC and Standard Chartered Bank on March 24.

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According to Techub News, citing sources cited by the South China Evening News, the Hong Kong Monetary Authority is expected to issue the first batch of stablecoin licenses to institutions such as HSBC and Standard Chartered Bank on March 24. This move will make Hong Kong one of the first jurisdictions in the world to issue stablecoin operating licenses to mainstream banks, further consolidating its position as a digital asset center.

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