Hong Kong government: Regulated stablecoins expected to launch between mid-year and second half of the year.

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Deep Tide TechFlow news: On June 27, 2026, the Hong Kong Monetary Authority granted stablecoin issuer licenses to two institutions with banking backgrounds in April 2026. The Hong Kong government said that, according to the existing business plans of the two institutions, regulated stablecoins are expected to be officially launched in the middle of this year through the second half.

The government also said that the Hong Kong Monetary Authority has sent letters to market participants that engage in stablecoin issuance but have not yet been regulated, clarifying the relevant legal requirements, and will continue to monitor compliance. If needed, individual cases may be referred to the police or the Department of Justice for handling.

In addition, the Hong Kong government revealed that it will submit a new virtual asset regulatory bill to the Legislative Council this year, to establish a more comprehensive regulatory framework for providers of virtual asset trading, custody, advisory, and management services, further improving Hong Kong’s digital asset regulatory system.

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