According to Odaily Planet Daily, the Hong Kong Monetary Authority (HKMA) will hold a technical briefing on its regulatory regime for stablecoin issuers at 4:30 PM today. The briefing will reportedly be led by the HKMA's senior management team, including Vice President Chen Weimin, Assistant Presidents Chen Jinghong and Ho Hon-kit, and Head of Digital Finance, Ho Hong-che. The HKMA previously stated that it would release supporting implementation guidelines for stablecoins this month, clarifying core regulatory details such as anti-money laundering and customer identification. Regulators also cautioned the market to remain cautious and avoid excessive speculation. The number of licenses for the first batch of stablecoin issuers will be strictly limited to single digits, with issuance planned for this year. (Cailian Press)
