CoinWorld news: Wu Shuo learned that in a written reply to the Legislative Council, the Hong Kong government said that the Hong Kong Monetary Authority will grant stablecoin issuer licenses in April 2026 to two institutions with banking backgrounds. Based on the two institutions’ existing business plans, regulated stablecoins in Hong Kong 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 notices to unregulated entities operating stablecoin issuance businesses in the market to explain legal requirements, and will continue to follow up on individual cases; if necessary, cases may be referred to the police or the Department of Justice for handling. The government also said that this year it will submit a bill to the Legislative Council to establish a regulatory regime for providers of virtual asset trading, custody, advisory, and management services.

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MempoolMaggie
· 2h ago
Licenses will be issued in April 2026, and it will be launched in the middle of this year. This pace is much faster than expected. Hong Kong is indeed ahead in virtual asset regulation.
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BugBountyBuddy
· 5h ago
Two bank-affiliated institutions got their licenses first. Are those waiting in line already preparing their materials?
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MoonlightLiquidationLine
· 5h ago
From licensing to legislation, Hong Kong's moves have been thorough, securing its position as an Asian financial hub.
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LimeLeverageAlert
· 5h ago
Trading, custody, consulting, and management all need legislative regulation, Hong Kong's virtual asset infrastructure is taking shape.
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ForkliftFaye
· 5h ago
Referred to the police or the Department of Justice for handling, the wording is quite tough; Hong Kong is serious this time.
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L2Mailman
· 5h ago
Institutions with a banking background issuing stablecoins do have a different level of user trust, but would it be too centralized?
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Post-RainReflectionsMarket
· 5h ago
Traditional banks enter the stablecoin arena, and the compliance race has officially begun.
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