Hong Kong Monetary Authority Chief Executive: The agency will conduct long-term and continuous monitoring of the launch of stablecoins.

CoinFeed reported on May 5 that, according to Hong Kong's Wen Wei Po, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), said after attending a Legislative Council meeting yesterday that the HKMA will consider issuing new licenses after the first batch of stablecoins are launched. However, the number of licenses will still be strictly controlled depending on market capacity and new risks to avoid unrealistic expectations in the market. The HKMA will also conduct long-term and continuous monitoring of the launch of stablecoins.