TechFlow News: On May 5, according to a report by the Hong Kong Wen Wei Po newspaper, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), stated after attending a Legislative Council meeting yesterday that the HKMA will consider issuing new licenses once the first batch of stablecoins is launched. However, the number of licenses will remain strictly controlled based on market capacity and emerging risks, avoiding unrealistic market expectations regarding license quotas. The HKMA will also conduct long-term, continuous monitoring of stablecoin implementation.
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