TechFlow, July 19 — According to Caixin, sources revealed that the stablecoin issuer license will not be applied for by applicants downloading forms and submitting written applications uniformly. Instead, it will follow a process similar to an invitation-based application system. "At the operational level, Hong Kong's Monetary Authority will conduct preliminary communication with interested stablecoin license applicants to assess whether they meet basic eligibility criteria. Only those who receive preliminary approval will be issued application forms by the Monetary Authority."
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