Hong Kong Monetary Authority: Received 36 stablecoin license applications and is striving to issue the first batch of licenses

MarsBitNews · 2026-02-02T04:28:25+00:00

The Hong Kong Monetary Authority has received stablecoin license applications from 36 institutions and is currently evaluating them. The first batch of licenses is expected to be issued in March. The regulatory authority has requested additional information, focusing on verifying application scenarios and risk management, and emphasized that the issuance of licenses will be carried out with prudence as the guiding principle.

MarsBitNews

2026-02-02 04:28:25

Abstract generation in progress

Mars Finance News: Hong Kong Monetary Authority Chief Executive Eddy Yue Wei-wan stated that the first round has received license applications for stablecoins from 36 institutions. The authority is currently conducting ongoing assessments and aims to make a decision as soon as possible and issue the first batch of licenses in March. Yue Wei-wan pointed out that regulators have requested additional information for some applications. Since the initial submissions mainly consist of basic information required for licensing, subsequent reviews will focus on verifying key elements such as specific use cases, risk management arrangements, and reserve asset composition. With complete documentation, the Hong Kong Monetary Authority will strive to complete the first batch of licenses by March but emphasized that the number of licenses issued in this first round will not be large, and the process will proceed with prudence and caution.

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