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The second batch of Hong Kong compliant stablecoin licenses is now under application
By: rootdata|2026/04/11 16:42:00
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According to Caixin, the second batch of Hong Kong compliant stablecoin licenses is currently under application. Reliable sources reveal that Futu Securities and OSL Group are both contenders for the second batch of licenses. However, in November last year, the People's Bank of China and 13 other ministries stated that they would continue to crack down on virtual currency trading in China and classified stablecoins as virtual currencies, which means that trading stablecoins will be impossible in mainland China.
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