Fosun International Seeks Hong Kong Stablecoin License Amidst Regulatory Changes

Fosun International is exploring a potential stablecoin license in Hong Kong as new regulations from the Hong Kong Monetary Authority (HKMA) are set to come into effect in August 2025. These changes will require any entity wanting to operate within Hong Kong’s stablecoin market to acquire a license, setting the stage for significant shifts in the region’s financial landscape. 💰