Hong Kong's first batch of compliant stablecoin licenses delayed implementation; the Monetary Authority responds that they are actively pushing forward.

MeNews · 2026-04-05T13:34:10+00:00

The license for stablecoin issuers in Hong Kong was originally scheduled to be issued in March 2026 but has now been delayed. The Hong Kong Monetary Authority is actively progressing with the licensing process and plans to announce updates in a timely manner. Reports indicate that the main compliant license applicants are currently receiving revision suggestions, and a second batch of licenses is also under application.

MeNews

2026-04-05 13:34:10

Abstract generation in progress

ME News report: On April 1 (UTC+8), the Hong Kong Monetary Authority’s first batch of stablecoin issuer license approvals was originally expected to be issued in March 2026, but it did not arrive as scheduled. A spokesperson for the Hong Kong Monetary Authority said that the HKMA is pushing the licensing process with full effort and will announce updates to the public in a timely manner. At present, there is no clear official disclosure on why the stablecoin license rollout timeline has been delayed compared with the prior announcement. Insiders revealed that in recent times, the HKMA has been in close contact with potential compliant issuers in the first batch, and that modifications and suggestions regarding the issuance are still being proposed. In addition, the second batch of Hong Kong compliant stablecoin licenses is also under application, with Futu Securities and OSL Group both emerging as strong contenders for the second batch of licenses. (Source: Foresight News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.