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Hong Kong is issuing licenses, while the mainland is tightening regulations.
April 11 news: Hong Kong’s second batch of compliant stablecoin license applications has already been launched, and institutions such as Futu Securities and OSL Group have been reported to be competing for entry qualification.
But on the other side, the People’s Bank of China and 13 ministries had already set the tone: stablecoins = virtual currencies, and strict regulation will continue.
Same track, two attitudes.
One is embracing, the other is isolating.
The question is: where will the funds go? #Gate广场四月发帖挑战 #香港稳定币牌照 $RAVE 888