2026-04-13 03:21:46
Hong Kong Monetary Authority vice president: The issuance timeline for the second batch of stablecoin licenses has not been determined, and the total number of licenses is extremely limited.
The Hong Kong Monetary Authority’s Deputy Chief Executive Officer, Chen Weimin, said the timeline for issuing the second batch of stablecoin licenses is still uncertain and may be affected by the two institutions granted licenses in the first batch. In addition, China-funded institutions were advised to put their applications on hold, and the number of institutions ultimately granted licenses will be limited, with only a small number meeting the requirements of the “Stablecoin Ordinance.” HSBC Payme users can enable a stablecoin account, but they must be Hong Kong local residents.