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🔥Hong Kong's First Batch of Stablecoin Licenses Announced This Afternoon
The Hong Kong Monetary Authority will announce the first batch of stablecoin licenses at 5 p.m. on April 10, and licensed stablecoin issuers will meet with the media afterward. Previously, the HKMA completed the final review of the first batch of applications in mid-March 2026 and entered the official public announcement preparation stage, receiving a total of 36 applications. The first batch of licenses is planned to be issued for 2 to 3 licenses, with strict regulatory standards.
In early February, Hong Kong Monetary Authority Chief Executive Eddie Yue stated that they aim to issue the first batch of stablecoin issuer licenses by March this year and emphasized that the number of licenses issued initially would not be large, with a focus on prudence.