Hong Kong Monetary Authority: The number of licenses for the first batch of stablecoin issuers is limited, and non-sandbox projects can apply.

[Coin World][Hong Kong Monetary Authority Chief: Initially, only a small number of stablecoin issuer licenses may be approved, and there won’t be 10 or 20 licenses granted] The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, revealed that many inquiries have been received regarding stablecoin license applications, and it seems that “everyone wants to become an issuer.” However, the relevant authority has very strict requirements for stablecoin issuers, and it is expected that only a small number will be granted licenses in the initial phase, with the quantity not calculated as 10 or 20. At the same time, Eddie Yue mentioned that the stablecoin sandbox program of the Hong Kong Monetary Authority is experimental in nature and serves for industry experience sharing. Currently, projects in the sandbox do not necessarily ensure obtaining stablecoin issuer licenses, and future considerations will also be treated as new applications (fresh application).