The Hong Kong Monetary Authority is about to announce the regulatory details for stablecoin licenses

ChainCatcher news, according to Caixin, the implementation of the "Stablecoin Regulation" in Hong Kong is imminent. Multiple institutions have confirmed to Caixin reporters that the Hong Kong Monetary Authority (HKMA) will hold a technical briefing on the regulatory framework for stablecoin issuers today at 4:30 PM.

It is reported that the technical briefing will be hosted by the senior team of the HKMA, including Vice President Chen Weimin, Assistant Vice President (Regulations and Anti-Money Laundering) Chen Jinghong, Assistant Vice President (Monetary Management) He Hanjie, and Head of Digital Finance He Hongzhe, among others. The HKMA previously stated that it would release the accompanying implementation guidelines for stablecoins this month, clarifying core regulatory details such as anti-money laundering and customer identity verification. The regulators also remind the market to view this rationally and avoid excessive speculation, with the number of initial stablecoin issuer licenses strictly controlled to single digits, planned to be issued within the year.