Source: Hong Kongs stablecoin issuer license will be similar to the invitation system

By: odaily.com|2025/07/19 17:21:42

Odaily News Sources revealed that the Hong Kong Stablecoin Ordinance will come into effect on August 1, 2025, and the application for stablecoin licenses will be launched at the same time. The license for stablecoin issuers will not be issued by applicants downloading forms and submitting written applications on their own, but will be arranged in a similar invitation application system.
In practical terms, the Hong Kong Monetary Authority, which is responsible for supervising and issuing licenses, will communicate with potential applicants for stablecoin licenses in advance to understand whether the other party meets the basic application qualifications. Only after obtaining basic approval in the pre-communication will the HKMA issue the application form. (Caixin)

The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...

Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF

Overview of Important Market Events on June 7th

The ambitions of Kalshi, MTS, and a16z

The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.

The AI bubble is bursting

In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.

Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect

In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.

Has the narrative of BTC as "digital gold" failed?

What truly matters is not whether it will rise, but whether you can live to see that day.

A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?

The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.

It took me a year to see the painful truth about Agent payments

Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day

The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF

Overview of Important Market Events on June 7th