Hong Kong-listed brokerage Yao Cai Securities: Need to understand the details before deciding to apply for a stablecoin license

ChainCatcher news, according to AAstocks, the CEO of Hong Kong-listed brokerage Yau Lee Securities, Hsu Yi-bin, revealed that the current investor education regarding stablecoins in the market is insufficient. There is a need for more understanding of the differences between stablecoins and other virtual assets, as well as further insights into the licensing system, product structure, trading hours, and other details before deciding whether to apply for relevant licenses.