CEO of the Hong Kong Monetary Authority: Will implement long-term continuous monitoring of stablecoin deployment
ChainCatcher news, according to Hong Kong Wen Wei Po, Hong Kong Monetary Authority CEO Yu Wai-man stated after attending the Legislative Council meeting yesterday that after the launch of the first batch of stablecoins, new licenses will be considered. However, the number of licenses will still be strictly controlled based on market capacity and emerging risks to avoid unrealistic expectations regarding the number of licenses in the market. Long-term and continuous monitoring of stablecoin implementation will also be carried out.
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