Hong Kong-listed brokerage Bright Smart Securities: Will decide on applying for a stablecoin license after understanding the details

According to ChainCatcher, citing AAstocks, Xu Yibin, CEO of Hong Kong-listed brokerage Bright Smart Securities, revealed that current investor education on stablecoins in the market is insufficient. He emphasized the need for a better understanding of the differences between stablecoins and other virtual assets, as well as a deeper knowledge of licensing regimes, product structures, trading hours, and other details before considering whether to apply for related licenses.