Svmuu News: The Hong Kong government announced that the Hong Kong Monetary Authority granted stablecoin issuer licenses to two institutions with banking backgrounds in April 2026. Based on the two institutions’ current business plans, the regulated stablecoins are expected to be officially launched between the middle and second half of this year.
The Hong Kong Monetary Authority has sent letters to market entities engaged in stablecoin issuance but not yet subject to regulation, clarifying the relevant legal requirements, and will continue to monitor compliance. If necessary, individual cases may be referred to the police or the Department of Justice for handling. In addition, the Hong Kong government will submit a new virtual asset regulatory bill to the Legislative Council this year to establish a more comprehensive regulatory framework for providers of virtual asset trading, custody, advisory, and management services.