TechFlow News: On April 11, according to Caixin, applications for the second batch of Hong Kong’s compliant stablecoin licenses are underway. Reliable sources indicate that Futu Securities and OSL Group are among the applicants vying for licenses in this second batch. However, in November last year, the People’s Bank of China and 12 other regulatory bodies reiterated China’s ban on virtual currency trading within mainland China and classified stablecoins as virtual currencies—meaning stablecoin trading will not be permitted in mainland China.
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