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

MeNews · 2026-04-05T11:01:25+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 11:01:25

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ME News message, April 1 (UTC+8). Hong Kong’s first batch of stablecoin issuer licenses were originally scheduled to be issued in March 2026, but they did not roll out as planned. A Hong Kong Monetary Authority spokesperson said in response that the HKMA is pushing licensing matters with full force and will make timely public announcements. At present, there is no official clear disclosure on why the stablecoin license rollout time has been delayed compared with what was announced. Insiders revealed that in recent times, the HKMA has been closely engaging with the first batch of potential compliant license applicants, and there are still modification suggestions regarding the issuance arrangements. In addition, the second batch of Hong Kong compliant stablecoin licenses is also under application. Futu Securities and OSL Group are both strong contenders for the second batch of licenses. (Source: Caixin)

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