[Paul Chan: The Hong Kong Monetary Authority will process stablecoin license applications as soon as possible] Recently, Paul Chan, the Financial Secretary of the Hong Kong SAR Government, stated that with the rapid development of the digital asset market, the demand for stablecoins is expected to further increase. Stablecoins can serve as a Medium of Exchange without the traditional payment time and geographical restrictions, and their Programmability allows for the development of diversified innovative solutions, automating and smartening financial service processes. Noticing that many market participants are very interested in this, after the "Stablecoin Ordinance" comes into effect, the Hong Kong Monetary Authority will process the received license applications as soon as possible, so that qualified applicants can conduct their business. (21 Financial)
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Chan Mo-po: The Hong Kong Monetary Authority will handle stablecoin license applications as soon as possible.
[Paul Chan: The Hong Kong Monetary Authority will process stablecoin license applications as soon as possible] Recently, Paul Chan, the Financial Secretary of the Hong Kong SAR Government, stated that with the rapid development of the digital asset market, the demand for stablecoins is expected to further increase. Stablecoins can serve as a Medium of Exchange without the traditional payment time and geographical restrictions, and their Programmability allows for the development of diversified innovative solutions, automating and smartening financial service processes. Noticing that many market participants are very interested in this, after the "Stablecoin Ordinance" comes into effect, the Hong Kong Monetary Authority will process the received license applications as soon as possible, so that qualified applicants can conduct their business. (21 Financial)