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

MeNews · 2026-04-05T09:33:55+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 09:33:55

Abstract generation in progress

ME News message: April 1 (UTC+8). Hong Kong’s first batch of stablecoin issuer license applications was originally set to be issued in March 2026, but it did not materialize as scheduled. A spokesperson for the Hong Kong Monetary Authority said in response that the HKMA is doing its utmost to advance the licensing process and will appropriately announce details to the public when the time is right. At present, there is no explicit official disclosure on why the stablecoin license rollout time has been delayed compared with the announced timeline. An industry source said that in recent days the HKMA has been in close contact with the first batch of potential compliant license applicants, and there are still modification suggestions being put forward regarding issuance matters. In addition, the second batch of Hong Kong compliant stablecoin licenses is also under application, and Futu Securities and OSL Group are both strong contenders for the second batch of licenses. (Source: Foresight News)

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