The Hong Kong Monetary Authority's stablecoin license will be introduced after the two sessions, with fewer than 4 licenses in the first batch.

2026-03-11 07:52:37

Mars Finance reports that the first batch of stablecoin licenses in Hong Kong will be issued after the Two Sessions, with fewer than four licenses in the initial batch. It is understood that Yuanbi Technology, which participated in the Hong Kong Monetary Authority’s “sandbox” testing for stablecoin issuers, will not receive one of the first stablecoin licenses. The Hong Kong Monetary Authority previously disclosed that 36 institutions have submitted applications for stablecoin licenses, but emphasized that the number of licenses in the first batch will not be large, aiming for a cautious and prudent approach.

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