According to Techub News, reported by Tencent News' "Periscope", during this period, more than 50 enterprises or institutions have flocked to the Hong Kong Monetary Authority, the regulatory body for stablecoins in Hong Kong. Most of these companies are involved in cross-border trade, including major energy state-owned enterprises and CITIC Group among others. They hurried south to meet with the regulatory team of the Hong Kong Monetary Authority to discuss the possibility of applying for a stablecoin license.

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Event ends: August 9, 16:00 UTC
More details: https://www