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

MeNews · 2026-04-05T10:50:10+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 10:50:10

Abstract generation in progress

ME News, April 1 (UTC+8). Hong Kong’s first batch of stablecoin issuer licenses was originally set to be issued in March 2026, but it did not roll out as scheduled. A spokesperson for the Hong Kong Monetary Authority said in response that the HKMA is working tirelessly to advance the licensing process and will publish updates to the public in due course. As of now, there is no clear official disclosure on why the stablecoin licensing timeline has been delayed compared with the previously announced schedule. Insiders revealed that in recent times, the HKMA has been in close contact with the potential issuers applying for the first batch of compliant licenses, and that additional proposed revisions and suggestions regarding the issuance arrangements are still being put forward. In addition, applications are also underway for Hong Kong’s second batch of compliant stablecoin licenses, and Futu Securities and OSL Group are both strong contenders for the second batch of licenses. (Source: Foresight News)

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