Hong Kong to Grant First Stablecoin Licenses in March
HKMA says only a small number of issuers will be approved initially as licensing reviews near completion [1][4].
Hong Kong’s Monetary Authority is set to approve the first stablecoin issuer licenses in March, the regulator told lawmakers as application reviews approach their final stage [1][4].
HKMA chief Eddie Yue said only a very small number of licenses would be issued at the start, reflecting the regulator’s cautious, limited initial rollout of approvals [2][4].
The pending approvals follow the introduction of Hong Kong’s comprehensive stablecoin licensing framework, which came into force in August last year and is now moving into enforcement and licensing phases [1][3].
Regulatory reviews are concluding and a limited first batch of stablecoin issuer licenses is expected in March, with the HKMA maintaining strict standards for initial approvals [1][2][4].
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Citations
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- 1Hong Kong Set to Approve First Stablecoin Licenses in March — Who’s In?CryptoNews• Feb 2, 2026
- 2HKMA Chief Signals Imminent Stablecoin License Approvals as Review Nears Completion36Crypto• Feb 2, 2026
- 3Hong Kong to grant first stablecoin issuer licenses in March: ReportCointelegraph• Feb 2, 2026
- 4Hong Kong will start granting stablecoin issuer licenses in March: ReutersCoinDesk• Feb 2, 2026
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