In the past two years, Hong Kong has been quite similar to a gang that takes advantage of hot topics to post memes. When the exchange was very popular before, it gained a lot of people by issuing exchange licenses. Many institutions that obtained exchange licenses faced many obstacles in their business development, and eventually became limited to only handling deposits and withdrawals. The stablecoin bill this time is the same. Anyone can apply for the US version, and regulatory agencies must approve it within 120 days. The reason for rejection can only be "unsafe or unsound" If nothing unexpected happens here in Hong Kong, it will be another license business.