Ah, the grand theater of finance unfolds once more! The Hong Kong Monetary Authority (HKMA), that ever-watchful guardian of monetary virtue, has declared it will bestow only a *limited* number of stablecoin licenses in its debut spectacle. Yes, dear reader, this is no open house-this is an exclusive gala, and the guest list is shorter than a poet’s patience for bureaucracy 📝.
According to whispers carried by the Hong Kong Economic Journal (because who doesn’t love a good financial gossip?), no fewer than 77 institutions have already raised their hands like eager schoolchildren, clamoring for a chance at this shiny new toy. ICBC (Asia) has donned its application hat alongside BOC Hong Kong, while HSBC-ever the overachiever-has also sauntered into the fray with all the nonchalance of a cat deciding whether or not to grace you with its presence 🐱.
Industry insiders-the self-appointed prophets of spreadsheets-have already begun their murmured predictions. Standard Chartered and BOC Hong Kong? Oh, they’re practically penciled in as frontrunners, like two star-crossed lovers destined to win the regulator’s favor. But let us not forget: where there is ambition, there is also drama. Who will triumph? Who will falter? And who will be left clutching their rejected application like a forgotten umbrella on a rainy day ☔?
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2025-09-08 08:37