The launch of the first batch of compliant stablecoin licenses in Hong Kong has been postponed, and the Monetary Authority responded that it is making every effort to advance the process
The first batch of issuer licenses in Hong Kong was originally scheduled to be issued in March 2026, but it has not materialized as planned. A spokesperson for the Hong Kong Monetary Authority (HKMA) responded that the HKMA is fully committed to advancing the licensing process and will make announcements to the public at the appropriate time.
Regarding who will obtain the first batch of stablecoin licenses in Hong Kong, the market has previously focused on two major Hong Kong dollar issuing banks, HSBC and Standard Chartered. HSBC has not publicly disclosed whether it has submitted an application for a stablecoin license. However, as early as mid-January this year, there were rumors in the market that HSBC had a good chance of obtaining the first batch of licenses. Currently, there is no clear official disclosure on why the issuance of stablecoin licenses has been delayed beyond the anticipated timeline.
Individuals close to the stablecoin license applications revealed that the HKMA has been in close contact with the first batch of potential compliant licensees, and there are still proposed amendments regarding the issuance matters. In addition, the second batch of compliant stablecoin licenses in Hong Kong is also in the application process. Reliable sources indicate that Futu Securities and OSL Group are strong contenders for the second batch of licenses.
You may also like

Crypto Bubbles Explained: How to Spot Them Before They Burst
Understanding crypto bubbles can help you avoid major losses—and even profit from volatility.

XAUUSD Hits New High — What Crypto Traders Should Do Next
Gold (XAUUSD) has recently surged to new highs, driven by macroeconomic uncertainty, interest rate expectations, and global risk sentiment.

Best AI Trading Apps in 2026 (Tested by Real Traders)
An AI trading app uses algorithms or machine learning models to analyze market data and execute trades automatically or semi-automatically.

Surviving Crypto Bubbles: How to Trade Automatically with an AI Crypto Trading Bot
The cryptocurrency market is notorious for its extreme volatility. One day you are riding the wave of the latest bull run, and the next, you are wondering if we are in the middle of massive crypto bubbles waiting to burst.
How the US-Iran War Could Affect Oil and Bitcoin Prices (Latest Analysis)
The outbreak of the US-Iran war on February 28, 2026, has provided an unprecedented real-time laboratory for understanding how geopolitical oil shocks interact with an increasingly institutionalized cryptocurrency market. This article examines the relationship between crude oil prices and Bitcoin throughout the conflict, analyzing price movements, correlation patterns, and the underlying transmission mechanisms.

OpenAI Wants to Write Its Own Rules|Rewire News Brief

Chaos Labs Exits, Who Will Pick Up Aave's Risk?

Stealthy Financial War? Iran Collects Strait Transit Fees in Stablecoin

OpenAlice: One Person, That's a Jane Street | Project Overview

The Small-Town Youth Labeling Big AI Models

Morning Report | Strategy increased its holdings by 4,871 BTC last week; Toss plans to develop its own blockchain and issue a native cryptocurrency; OpenAI's CFO privately questioned the timing of the IPO in 2026

Research: Stablecoins have a trading volume of 35 trillion a year, how much of it is real payment?

Galaxy Research: AI agents are giving rise to new species on the blockchain, how zero-human companies activate the financial flywheel

Data Research: How big is the liquidity gap between Hyperliquid and CME crude oil?

WEEX P2P now supports GHS, ETB & ZAR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Ghana Cedi (GHS), Ethiopian Birr (ETB) and South African Rand (ZAR) are now available on WEEX P2P!

Why Are GPU Prices Skyrocketing Out of Control?

How to Master Claude Cowork Completely?

70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'
Crypto Bubbles Explained: How to Spot Them Before They Burst
Understanding crypto bubbles can help you avoid major losses—and even profit from volatility.
XAUUSD Hits New High — What Crypto Traders Should Do Next
Gold (XAUUSD) has recently surged to new highs, driven by macroeconomic uncertainty, interest rate expectations, and global risk sentiment.
Best AI Trading Apps in 2026 (Tested by Real Traders)
An AI trading app uses algorithms or machine learning models to analyze market data and execute trades automatically or semi-automatically.
Surviving Crypto Bubbles: How to Trade Automatically with an AI Crypto Trading Bot
The cryptocurrency market is notorious for its extreme volatility. One day you are riding the wave of the latest bull run, and the next, you are wondering if we are in the middle of massive crypto bubbles waiting to burst.
How the US-Iran War Could Affect Oil and Bitcoin Prices (Latest Analysis)
The outbreak of the US-Iran war on February 28, 2026, has provided an unprecedented real-time laboratory for understanding how geopolitical oil shocks interact with an increasingly institutionalized cryptocurrency market. This article examines the relationship between crude oil prices and Bitcoin throughout the conflict, analyzing price movements, correlation patterns, and the underlying transmission mechanisms.
