TechFlow News: On February 2, according to Caixin, HKMA Chief Executive Eddie Yue stated at a post-meeting press briefing following the Financial Services Panel meeting that a total of 36 institutions have submitted applications for stablecoin licenses. These applicants include banks, technology firms, securities brokers, asset management companies, investment firms, e-commerce platforms, payment institutions, and startups/Web3 enterprises. Among them, Standard Chartered Bank (Hong Kong)—one of Hong Kong’s three note-issuing banks—is widely expected to secure a license. Additionally, two sources revealed that JD Blockchain Technology (Hong Kong), a subsidiary of JD.com, which was previously rumored to have withdrawn from the first round of Hong Kong’s stablecoin license competition, has in fact not withdrawn its application. JD Blockchain Technology (Hong Kong) is also one of the three entities participating in the stablecoin testing sandbox.
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