TechFlow News, June 27: The Hong Kong Monetary Authority (HKMA) has granted stablecoin issuer licenses to two institutions with banking backgrounds, effective April 2026. The Hong Kong government stated that, based on the existing business plans of these two institutions, regulated stablecoins are expected to officially launch between mid- and late this year.
The government also indicated that the HKMA has sent letters to market participants engaged in stablecoin issuance but not yet subject to regulation, clearly outlining relevant legal requirements, and will continue monitoring their compliance status; where necessary, individual cases may be referred to the police or the Department of Justice for handling.
Additionally, the Hong Kong government revealed that it will submit a new virtual asset regulatory bill to the Legislative Council this year, establishing a more robust regulatory framework for providers of virtual asset trading, custody, advisory, and management services, thereby further strengthening Hong Kong’s digital asset regulatory regime.
