Hong Kong Set to Issue First Stablecoin Licenses in March
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Hong Kong will issue its first licenses for fiat-backed stablecoin issuers next month, signaling a commitment to a regulated crypto ecosystem. The SFC is expanding its framework to cover dealers and custodians, with new legislation to enhance digital asset regulation.
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- Hong Kong to grant first fiat-backed stablecoin licenses next month.
- SFC expands framework to cover dealers, custodians, and margin products.
- HKMA advances EnsembleTX and aligns tax rules with OECD standards.
Hong Kong will issue its first stablecoin issuer licenses next month, marking a major step in its digital asset regulation. Financial Secretary Paul Chan confirmed the approvals during his 2026-27 budget speech.
The licenses will cover fiat-backed stablecoins and aim to ensure compliant, risk-controlled operations. This move signals Hong Kong’s growing commitment to fostering a regulated and innovative crypto ecosystem.
Besides licensing stablecoin issuers, Chan outlined plans to expand the city’s digital asset framework. New legislation later this year will introduce licensing regimes for crypto asset dealers and custodians.
This expansion will go…
Read The Full Article Hong Kong Set to Issue First Stablecoin Licenses in March On Coin Edition.
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