Hong Kong Stablecoin enters the era of compliance: License application and scene exploration become hot topics of discussion.

With the Stablecoin Regulation officially taking effect on August 1st, Hong Kong has entered the era of stablecoin compliance, and license applications and scenario exploration have become hot topics. "Currently, the heat for license applications is very high, we have been in contact with dozens of organizations," said Wu Jun, who works in virtual asset compliance, to Interface News. Although applications are officially accepted from August, many mainland organizations have already had preliminary communication with the Hong Kong Monetary Authority, involving industries such as the internet, industry, and finance. In recent days, working overtime until the early hours of the morning to handle consulting business has become a routine for Wu Jun.