Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline Hong Kong has missed its self-imposed March deadline to issue licenses for Hong Kong dollar stablecoin issuers, with the Hong Kong Monetary Authority yet to approve any applications. The delay comes despite officials’ earlier assurances that licenses would begin in March, raising questions about how quickly Hong Kong’s stablecoin framework will move from policy to implementation. Major institu…
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