- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Source: Insider Insider: JD, Ant Group May Have Difficulty Appearing on Initial Hong Kong Stablecoin License List
BlockBeats News, August 3rd, according to Caixin report, a source close to the applicant for the Hong Kong stablecoin license revealed that as the regulatory rules are finalized, the Hong Kong stablecoin craze will subside, especially as the main application scenario is for non-financial institutions engaged in cross-border payments, some applicants may proactively withdraw from early participation due to the difficulty of meeting the regulatory requirement of "verifying the identity of each holder." This also means that previously popular internet platforms such as JD.com and Ant Group may find it challenging to appear on the first batch of license list.
Furthermore, CITIC Group, through its Hong Kong subsidiary CITIC International, has teamed up with some institutions in an effort to apply for the first batch of stablecoin licenses. Some industry insiders have indicated that Bank of China Hong Kong is one of Hong Kong's three note-issuing banks, and if it were to issue a stablecoin, it would have a natural advantage and could also reassure regulators in both regions.
You may also like
a16z Secures $15 Billion: Redefining Venture Capital Through Visionary Storytelling
Key Takeaways a16z Raises Capital: The firm has raised an astronomical $15 billion, marking a significant point in…
80% of oil income settled in stablecoins, Venezuela makes USDT its second currency
After Stepping Down as Mayor of New York City, He Pivoted to Selling Cryptocurrency
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
South Korea to lift ban on corporate crypto investment: Report
Key Takeaways South Korea’s Financial Services Commission (FSC) is set to end a nine-year ban on corporate crypto…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
Crypto Rich Threaten to Depart California Amid New Tax Proposal
Key Takeaways Proposed California tax imposes a 5% assets tax on residents with over $1 billion, sparking debate…
Coinbase May Withdraw Support for CLARITY Act Amid Stablecoin Rewards Ban Debate
Key Takeaways Potential Withdrawal: Coinbase is considering withdrawing support for the CLARITY Act if it restricts stablecoin rewards.…
Crypto Crucial: Will Tax Threats Push California’s Wealthiest to Flee?
Crypto billionaires in California are contemplating relocation due to a proposed wealth tax targeting assets over $1 billion.…
Crypto Project Failures Hit Record in 2025 Amid Memecoin Turbulence
Key Takeaways Memecoin launchpads have saturated the crypto market in 2025, leading to an unprecedented number of token…
Russian Pension Fund Overwhelmed by Crypto Inquiries as Mining Income Discussion Intensifies
Key Takeaways In 2025, Russia’s Social Fund received approximately 37 million inquiries, with a significant portion focused on…
Telegram 2025 Financial Report Puzzle: Revenue Soars by 65%, Yet Plagued by $200 Million Loss Due to TON?
Crypto and AI: the hidden digital gray market of Xianyu
Crypto and AI: You Can Buy Anything on Xianyu.
Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…
Predicting Contrarian Buy Pressure in the Market: Who is Taking the Other Side of Your Trade?
Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
Barclays Invests in Stablecoin Settlement Firm as Tokenized Infrastructure Expands
Key Takeaways Barclays has invested in Ubyx, a U.S.-based startup focused on developing clearing systems for tokenized forms…
a16z Secures $15 Billion: Redefining Venture Capital Through Visionary Storytelling
Key Takeaways a16z Raises Capital: The firm has raised an astronomical $15 billion, marking a significant point in…
80% of oil income settled in stablecoins, Venezuela makes USDT its second currency
After Stepping Down as Mayor of New York City, He Pivoted to Selling Cryptocurrency
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
South Korea to lift ban on corporate crypto investment: Report
Key Takeaways South Korea’s Financial Services Commission (FSC) is set to end a nine-year ban on corporate crypto…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
App