Yu Weiwen: A summary of the "stablecoin issuance licensing system" will be announced next week.

[Yui Weiwen: Summary of the "Stablecoin Issuer Licensing System" to be Announced Next Week] The CEO of the Hong Kong Monetary Authority, Yui Weiwen, discussed stablecoins again, mentioning that once the "Stablecoin Regulation" is passed, we will immediately implement the regulatory and AML guidelines and seek market opinions. We are currently adjusting the requirements of the guidelines based on feedback, aiming to announce them by the end of July. We expect that the final version will not have significant adjustments compared to the consultation draft, and given the common international regulatory focus, more stringent requirements will be established in terms of anti-money laundering to minimize the risk of stablecoins becoming tools for Money Laundering, ensuring that Hong Kong's stablecoin market develops in an orderly and healthy manner. We have also noticed recent rumors in the market regarding the application process, and we will announce a summary of the "Stablecoin Issuer Licensing System" next week. The document will outline the arrangements for the HKMA to accept and process license applications. ( Jin10 )