- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Hong Kong Stablecoin Regulation Accelerates Implementation, HKMA Aims to Issue First Licenses in March
BlockBeats News, February 4th, according to The Beijing News, a new development has taken place in the regulation of stablecoins in Hong Kong. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that they have received 36 applications for stablecoin issuer licenses. The related assessment work is currently being accelerated, aiming to issue the first batch of stablecoin licenses in March, but the quantity will remain cautious, with only a small number being issued.
Yue emphasized that one of the key assessment focuses is on risk management capabilities, including stablecoin use cases, reserve asset allocation, and cross-border compliance arrangements. In the future, for cross-border businesses involving Mainland China, Singapore, London, and ASEAN, relevant institutions must also comply with local regulatory requirements.
Industry insiders pointed out that the landing of the first batch of licenses is expected to promote the development of a compliant stablecoin ecosystem in Hong Kong, driving financial innovations such as tokenized assets and cross-border payments, further solidifying Hong Kong's international position in the digital finance field. However, the Hong Kong Monetary Authority explicitly upholds a regulatory approach that prioritizes stability, believing that the stablecoin business should be strictly regulated first, steadily promoted, and then gradually optimized based on practical experience.
The regulatory authorities also warned to be vigilant against illegal financial activities using "stablecoin" as a lure. Industry recommendations advise investors to stay away from unlicensed stablecoin products, and cross-border participation in Hong Kong-licensed stablecoin-related businesses must also comply with Mainland China's foreign exchange and cross-border regulatory requirements to guard against market speculation risks.
You may also like
Ripple Joins Elite Crypto and Banking Players at High-Stakes White House Summit
Key Takeaways Ripple secured a critical position at a White House summit focusing on stablecoin regulation. The meeting…
Crypto Apocalypse Coming: Renowned Expert Foresees Catastrophic End for Cryptocurrency
Key Takeaways Nouriel Roubini, known as “Dr. Doom,” anticipates a “catastrophic end” for the cryptocurrency sector. Even with…
Moonbirds NFTs Are Soaring Again: Unveiling the Recent Price Surge
Key Takeaways Moonbirds NFTs, once a joke in the NFT world, are making a staggering comeback thanks to…
Trump Says Crypto Reserve Will Include XRP, Solana, Cardano—And ‘Obviously’ Bitcoin and Ethereum
Key Takeaways President Trump announced a strategic U.S. crypto reserve to include digital assets such as XRP, Solana,…
‘Big Short’ Investor Burry: Bitcoin Has Not Succeeded as a Safe Haven
Key Takeaways Michael Burry warns that Bitcoin has not proven to be the secure asset many expected it…
SEC Chair Paul Atkins to Make History as First Sitting Chair to Speak at the Bitcoin Conference in Las Vegas
Key Takeaways Paul Atkins, SEC Chairman, is set to become the first sitting SEC Chair to speak at…
Vitalik’s Vision: Redefining Ethereum’s Layer 2 Landscape
Key Takeaways Ethereum creator Vitalik Buterin calls for a new role for Ethereum’s Layer 2 solutions (L2s) as…
Jeffrey Epstein’s Investment in Blockstream and the Unfolding Controversy
Key Takeaways Jeffrey Epstein was involved as an investor in the early seed round of the Bitcoin technology…
Cardano (ADA) Price Analysis for February 3: Can It Stabilize Above $0.30?
Key Takeaways: The current trading value of Cardano (ADA) is $0.2999, reflecting a 1% drop over the past…
SHIB Price Analysis for February 3: A Week to Watch for Shiba Inu Investors
Key Takeaways The SHIB price is currently rising after finding local support at $0.00000677. A potential upward move…
Crypto Market Review: Shiba Inu’s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market?
Key Takeaways Shiba Inu (SHIB) shows signs of a potential recovery with a significant green candle, hinting at…
The Top Airdrop Opportunities of January 2026
Key Takeaways: Discover the top five airdrop opportunities available in January 2026, each representing promising tokenless protocols. Uniswap…
BitMine’s $6 Billion Ethereum Losses: Strategic Planning or Market Gaffe?
Key Takeaways BitMine Immersion Technologies, holding the largest Ethereum treasury, reports over $6 billion in unrealized losses. The…
Strategy Stock ($MSTR) Reaches 52-Week Low As Bitcoin Slips Below $84,000
Key Takeaways Strategy ($MSTR) shares hit a session low of $140.25, dropping significantly amid Bitcoin’s price decline. Bitcoin…
Jeffrey Epstein’s Unusual Bitcoin Connections
Key Takeaways: Jeffrey Epstein’s substantial involvement in the cryptocurrency industry, particularly Bitcoin, was revealed through document releases. Epstein…
Cardano Price Prediction as the Planned CME’s ADA Futures Launch Nears
Key Takeaways Cardano’s current price stability reflects structural balance in the market, maintaining a firm foothold below $0.30.…
Ondo Price Prediction Amid MetaMask’s Integration of Over 200 Tokenized U.S. Stocks
Key Takeaways Ondo (ONDO) token exhibits positive movement, rebounding from a bearish trend and maintaining levels above $0.27.…
Why Bitcoin’s Defense of $76,000 Matters for MicroStrategy’s Earnings Narrative
Key Takeaways MicroStrategy’s Q4 2025 earnings are heavily influenced by Bitcoin’s price performance, especially maintaining the $76,000 level.…
Ripple Joins Elite Crypto and Banking Players at High-Stakes White House Summit
Key Takeaways Ripple secured a critical position at a White House summit focusing on stablecoin regulation. The meeting…
Crypto Apocalypse Coming: Renowned Expert Foresees Catastrophic End for Cryptocurrency
Key Takeaways Nouriel Roubini, known as “Dr. Doom,” anticipates a “catastrophic end” for the cryptocurrency sector. Even with…
Moonbirds NFTs Are Soaring Again: Unveiling the Recent Price Surge
Key Takeaways Moonbirds NFTs, once a joke in the NFT world, are making a staggering comeback thanks to…
Trump Says Crypto Reserve Will Include XRP, Solana, Cardano—And ‘Obviously’ Bitcoin and Ethereum
Key Takeaways President Trump announced a strategic U.S. crypto reserve to include digital assets such as XRP, Solana,…
‘Big Short’ Investor Burry: Bitcoin Has Not Succeeded as a Safe Haven
Key Takeaways Michael Burry warns that Bitcoin has not proven to be the secure asset many expected it…
SEC Chair Paul Atkins to Make History as First Sitting Chair to Speak at the Bitcoin Conference in Las Vegas
Key Takeaways Paul Atkins, SEC Chairman, is set to become the first sitting SEC Chair to speak at…
App