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1. Insider: JD.com and Ant Group may be difficult to appear on the first batch of Hong Kong stablecoin license list.
According to reports from Caixin, sources close to applicants for Hong Kong's stablecoin licenses say that as regulatory details are finalized, the enthusiasm for stablecoins in Hong Kong will diminish, especially for non-financial institution applicants whose main application scenario is cross-border payments. These applicants may actively choose to withdraw from participation in the early stages due to the difficulty of meeting the regulatory requirement of "verifying the iden
View OriginalAccording to reports from Caixin, sources close to applicants for Hong Kong's stablecoin licenses say that as regulatory details are finalized, the enthusiasm for stablecoins in Hong Kong will diminish, especially for non-financial institution applicants whose main application scenario is cross-border payments. These applicants may actively choose to withdraw from participation in the early stages due to the difficulty of meeting the regulatory requirement of "verifying the iden