Wu Says learned that the Hong Kong government stated in a written reply to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two institutions with banking backgrounds in April 2026.


According to the current business plans of the two institutions, Hong Kong's regulated stablecoins are expected to be launched between mid-year and the second half of this year.
The Hong Kong government said that the HKMA has sent letters to unregulated entities operating stablecoin issuance businesses in the market to explain legal requirements and will continue to follow up; if necessary, individual cases may be referred to the police or the Department of Justice for handling.
The government also stated that it will submit a bill to the Legislative Council this year to establish a regulatory framework for providers of virtual asset trading, custody, advisory, and management services.
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LendingRateAnxiety
· 4h ago
This phrase about handing over to the police carries weight; it seems not just a bluff.
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PatinaTradingBell
· 9h ago
April 2026? Is this timeline wrong, or did you travel through time?
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MintLaterMaybe
· 9h ago
The Monetary Authority has started sending letters warning unregulated entities. The compliance wave is coming, and small workshops are trembling.
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Stop-LossIsLikeAConfession
· 9h ago
Hong Kong's stablecoin has finally landed. Bank-backed endorsement is indeed more reliable than unorthodox methods. Wait until mid-year to see the actual circulation.
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