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# HKMA
673
MissCrypto
#HongKongIssueStablecoinLicenses — Hong Kong Sets the Standard for Safe Stablecoins
Hong Kong is moving fast to become a trusted hub for digital assets. Under the HKMA Stablecoins Ordinance (effective 1 August 2025), fiat-backed stablecoins like USD- or HKD-pegged coins are now fully regulated. Any issuer, marketer, or service provider must obtain a license to operate in Hong Kong.
Current Status (Feb 2026):
36 applications were submitted in 2025
No licenses issued yet
HKMA Chief Eddie Yue confirms reviews are in the final stage, with the first approvals expected in March 2026
Only a small num
Hong Kong is moving fast to become a trusted hub for digital assets. Under the HKMA Stablecoins Ordinance (effective 1 August 2025), fiat-backed stablecoins like USD- or HKD-pegged coins are now fully regulated. Any issuer, marketer, or service provider must obtain a license to operate in Hong Kong.
Current Status (Feb 2026):
36 applications were submitted in 2025
No licenses issued yet
HKMA Chief Eddie Yue confirms reviews are in the final stage, with the first approvals expected in March 2026
Only a small num
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Falcon_Official
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