CryptoBearishWu Blockchain · 5h ago7/10
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Hong Kong Grants Its First Stablecoin Licenses: Traditional Finance Gets the Keys First, While Web3 Remains Outside
Hong Kong has issued its first stablecoin licenses, but granted them exclusively to traditional finance institutions rather than Web3 native companies. This regulatory approach prioritizes institutional players while maintaining barriers for cryptocurrency-native platforms, signaling selective market opening rather than comprehensive blockchain integration.
