1. HKMA Deputy Vice President: Hong Kong Permits RMB Stablecoin Issuance Subject to Mainland Regulatory Approval link

Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority, said regarding the progress of stablecoin licensing that stablecoin issuers mainly decide which currency to issue based on their own business considerations. The first two licensed institutions will initially launch HKD stablecoins, and future issuance of other currencies including RMB is permitted under Hong Kong’s regime, but applicants must obtain approval from mainland authorities. On the timing of the second batch of licenses, Chen Weimin stated there is no specific timetable yet, but continuous communication is maintained with interested…