HKMA to Issue First Stablecoin Licenses in March
- License Issuance Progress: The HKMA is set to issue its first stablecoin issuer licenses in March, marking a significant shift from regulatory framework to actual implementation, although only a “very small number” of licenses will be granted initially, indicating a cautious approach to market entry.
- Application Review Focus: The HKMA's assessments will concentrate on use cases, risk management, anti-money laundering controls, and asset quality, ensuring compliance and security, which will enhance market confidence and promote the healthy development of stablecoins.
- Applicant Institutions: To date, the HKMA has received applications from 36 institutions for stablecoin licenses, including notable companies like Standard Chartered and Animoca Brands, reflecting strong market interest and potential demand for stablecoins.
- Future Regulatory Framework: Under the Stablecoin Ordinance, all stablecoin issuers must obtain a license from the HKMA, with expectations for issuance in Q1 2026, demonstrating Hong Kong's commitment to a “same activity, same risk, same regulation” principle in crypto asset oversight.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00283 | 0.00635 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00635 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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