Bank of China Hong Kong ( has just announced plans to apply for a stablecoin issuance license as the regulatory deadline in Hong Kong will end at the end of September 2025.
This move may signal the increasing involvement of financial institutions in the digital asset sector, while also impacting competition in the rapidly growing cryptocurrency ecosystem in Hong Kong.
According to the announcement, Bank of China Hong Kong wants to become one of the first issuers of stablecoin under the new legal framework, similar to the joint venture direction of Standard Chartered. If the application is approved on time, this will be a significant turning point in legalizing digital assets, paving the way for international capital flow and strengthening Hong Kong's position as a global crypto hub.
Interested organizations must submit applications to the Hong Kong Monetary Authority )HKMA( before September 30, 2025.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Hong Kong Central Bank is applying for a stablecoin issuance license in Hong Kong.
Bank of China Hong Kong ( has just announced plans to apply for a stablecoin issuance license as the regulatory deadline in Hong Kong will end at the end of September 2025.
This move may signal the increasing involvement of financial institutions in the digital asset sector, while also impacting competition in the rapidly growing cryptocurrency ecosystem in Hong Kong.
According to the announcement, Bank of China Hong Kong wants to become one of the first issuers of stablecoin under the new legal framework, similar to the joint venture direction of Standard Chartered. If the application is approved on time, this will be a significant turning point in legalizing digital assets, paving the way for international capital flow and strengthening Hong Kong's position as a global crypto hub.
Interested organizations must submit applications to the Hong Kong Monetary Authority )HKMA( before September 30, 2025.