TechFlow news, July 30 — According to Jinshi Data, CITIC Securities research reported that on July 29, the Hong Kong Monetary Authority (HKMA) released a series of documents regarding the regulatory regime for stablecoin issuers effective August 1. The core document is the "Guideline on Regulating Licensed Stablecoin Issuers," while the most instructive for current applicants is the "Summary Explanation of the Stablecoin Issuer Licensing Regime." In terms of timeline, the HKMA encourages prospective applicants to contact regulators before August 31, with mature applicants having until September 30 to apply. Only a single-digit number of initial licenses are expected to be granted, likely by year-end. Investors are advised to continue monitoring two main lines: issuers likely to obtain the首批 scarce licenses and platform operators definitively involved in creating stablecoin use cases.
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