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

MeNews · 2026-04-05T14:51:10+00:00

The first batch of stablecoin issuer licenses in Hong Kong was originally scheduled to be issued in March 2026, but the timeline was not met. The Hong Kong Monetary Authority stated that it is still working on the licensing process and has not yet clarified the reasons for the delay. Applications for the second batch of licenses are ongoing, with competitors including Futu Securities, OSL Group, and others.

MeNews

2026-04-05 14:51:10

Abstract generation in progress

ME News message, on April 1 (UTC+8), Hong Kong’s first batch of stablecoin issuer license applications were originally planned to be issued in March 2026, but did not roll out as scheduled. A spokesperson for the Hong Kong Monetary Authority said that the HKMA is pushing forward with the licensing process in full force and will announce updates to the public in due course. At present, there has been no clear official disclosure on why the rollout timeline for stablecoin licenses is delayed compared with the announcement. Insiders said that recently the HKMA has been in close contact with the first batch of potential compliant license applicants, and that further modification recommendations have continued to be raised regarding issuance matters. In addition, the second batch of Hong Kong compliant stablecoin licenses is also under application, and Futu Securities and OSL Group are both strong contenders for the second batch of licenses. (Source: Caixin)

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