Hong Kong Monetary Authority Chief: Stablecoin purchases or usage should be conducted through regulated channels

MarsBitNews · 2026-04-10T11:44:00+00:00

The Hong Kong Monetary Authority has granted the first batch of stablecoin issuer licenses, and is expected to launch operations in the coming months. Yu Weiwen emphasized risk controls and compliance implementation, and reminded the public to stay alert to related fraud activities.

MarsBitNews

2026-04-10 11:44:00

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According to Mars Finance, Hong Kong Monetary Authority Chief Executive Yu Weiwen stated that the first batch of stablecoin issuers have been granted licenses. Based on the licensees’ business plans, and after completing relevant preparations, they plan to commence operations within the next few months. Yu Weiwen said he looks forward to issuers conducting their business as planned, actively exploring development opportunities while managing risks, promoting the application of compliant stablecoins, and addressing pain points in financial and economic activities. At the same time, the public should remain vigilant against any fraud or scams claiming to be related to licensed entities or their issued stablecoins. When purchasing or using stablecoins, they should use regulated channels. If in doubt, they should consult the HKMA’s registry to verify the licensee’s identity or contact the licensee for further inquiries.

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