- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Hong Kong Stablecoin Regulation Accelerates Implementation, HKMA Aims to Issue First Licenses in March
BlockBeats News, February 4th, according to The Beijing News, a new development has taken place in the regulation of stablecoins in Hong Kong. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that they have received 36 applications for stablecoin issuer licenses. The related assessment work is currently being accelerated, aiming to issue the first batch of stablecoin licenses in March, but the quantity will remain cautious, with only a small number being issued.
Yue emphasized that one of the key assessment focuses is on risk management capabilities, including stablecoin use cases, reserve asset allocation, and cross-border compliance arrangements. In the future, for cross-border businesses involving Mainland China, Singapore, London, and ASEAN, relevant institutions must also comply with local regulatory requirements.
Industry insiders pointed out that the landing of the first batch of licenses is expected to promote the development of a compliant stablecoin ecosystem in Hong Kong, driving financial innovations such as tokenized assets and cross-border payments, further solidifying Hong Kong's international position in the digital finance field. However, the Hong Kong Monetary Authority explicitly upholds a regulatory approach that prioritizes stability, believing that the stablecoin business should be strictly regulated first, steadily promoted, and then gradually optimized based on practical experience.
The regulatory authorities also warned to be vigilant against illegal financial activities using "stablecoin" as a lure. Industry recommendations advise investors to stay away from unlicensed stablecoin products, and cross-border participation in Hong Kong-licensed stablecoin-related businesses must also comply with Mainland China's foreign exchange and cross-border regulatory requirements to guard against market speculation risks.
You may also like
February 9th Market Key Intelligence, How Much Did You Miss?
After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…
Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…
El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…
Crypto Price Prediction for February 6: XRP, Dogecoin, and Shiba Inu’s Market Movements
Key Takeaways: The crypto market experienced a notable shift with Bitcoin’s significant surge, impacting altcoins like XRP, Dogecoin,…
China Restricts Unapproved Yuan-Pegged Stablecoins to Maintain Currency Stability
Key Takeaways: China’s central bank and seven government agencies have banned the issuance of yuan-pegged stablecoins abroad without…
Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom
Key Takeaways Despite Solana’s descent to $80, some traders find security as smart money enters the fray, suggesting…
XRP Price Prediction: Major Ledger Upgrade Quietly Activated – Why This Could Be the Most Bullish Signal Yet
Key Takeaways: The activation of the Permissioned Domains amendment on XRPL represents a significant development in XRP’s potential…
Dogecoin Price Prediction: Death Cross Confirmed as DOGE Falls Below $0.10 – Is DOGE Reaching Zero?
Key Takeaways The death cross event signals potential bearish trends for Dogecoin as its price dips under $0.10,…
Stablecoin Inflows Have Doubled to $98B Amid Selling Pressure
Key Takeaways Stablecoin inflows to crypto exchanges have surged to $98 billion, doubling previous levels amidst heightened market…
February 9th Market Key Intelligence, How Much Did You Miss?
After being questioned by Vitalik, L2s are collectively saying goodbye to the "cheap" era
WEEX AI Trading Hackathon Paris Workshop Reveals: How Retail Crypto Traders Can Outperform Hedge Funds
Witness how WEEX's Paris AI Trading Hackathon revealed AI's edge over human traders. Explore key strategies, live competition results & how to build your own AI trading bot.
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
App