The Hong Kong Monetary Authority's stablecoin license will be introduced after the two sessions, with fewer than 4 licenses in the first batch.

ZkProver · 2026-03-11T12:10:38+00:00

ChainCatcher News, according to Hong Kong Economic Daily, the first batch of stablecoin licenses in Hong Kong will be issued after the Two Sessions, with fewer than 4 companies in the initial batch. It is reported that Yuanbi Technology, which participated in the Hong Kong Monetary Authority's "sandbox" testing for stablecoin issuers, did not qualify for the first batch of stablecoin licenses.The Hong Kong Monetary Authority previously revealed that it received 36 stablecoin license applications from various institutions in the first round, but emphasized that the number of licenses issued in the initial batch will definitely not be large, with a focus on cautious and prudent approval.

ZkProver

2026-03-11 12:10:38

ChainCatcher News reports that the first batch of stablecoin licenses in Hong Kong will be issued after the Two Sessions, with fewer than four companies initially receiving licenses. It is understood that Yuanbi Technology, which participated in the Hong Kong Monetary Authority’s “sandbox” testing for stablecoin issuers, will not be among the first to receive a stablecoin license.

The Hong Kong Monetary Authority previously revealed that it received 36 applications for stablecoin licenses, but emphasized that the number of licenses in the first batch will be limited, aiming for a cautious and prudent approach.

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