In order to maintain market integrity and protect investors, the Hong Kong Securities Regulatory Commission has a dedicated market monitoring team and an advanced and proven system to closely monitor Hong Kong's trading activities. The Hong Kong Securities Regulatory Commission will take strict action against any manipulation or fraud that may damage the integrity and integrity of the market. HKMA Chief Executive Yu Weiwen said that the HKMA takes a strict and prudent approach in approving stablecoin issuer license applications. The approval criteria are very high, and only a few licenses will be granted in the early stages. As a normal market communication, we have already had initial communication with a number of institutions about stablecoin licenses. These communications and expressions of intent and application for licences do not constitute approval of any organization, nor any endorsement of the future of its license being granted.

In order to maintain market integrity and protect investors, the Hong Kong Securities Regulatory Commission has a dedicated market monitoring team and an advanced and proven system to closely monitor Hong Kong's trading activities. The Hong Kong Securities Regulatory Commission will take strict action against any manipulation or fraud that may damage the integrity and integrity of the market. HKMA Chief Executive Yu Weiwen said that the HKMA takes a strict and prudent approach in approving stablecoin issuer license applications. The approval criteria are very high, and only a few licenses will be granted in the early stages. As a normal market communication, we have already had initial communication with a number of institutions about stablecoin licenses. These communications and expressions of intent and application for licences do not constitute approval of any organization, nor any endorsement of the future of its license being granted.