Hong Kong Monetary Authority Receives 36 Stablecoin License Applications

2026-02-02 13:06

The Hong Kong Monetary Authority (HKMA) has received 36 applications for stablecoin licenses, according to Chief Executive Eddie Yue. The HKMA is currently evaluating these applications and aims to issue the first batch of licenses by March. Yue noted that additional information has been requested from some applicants, as the initial submissions primarily contained basic licensing information. Key follow-up questions include details on specific use cases, risk management measures, and the composition of reserve assets. Yue emphasized that the number of licenses issued initially will be limited, prioritizing a cautious and prudent approach.

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