Coinspeaker
21 hour ago
1 0

BULLISH 📈 : Hong Kong Money Authority to Grant First Stablecoin Licenses in March

Key Points:

  • The Hong Kong Monetary Authority (HKMA) plans to issue its first Stablecoin Issuer Licenses in March.
  • HKMA Chief Executive Eddie Yue stated that a "very small number" of licenses would be issued, but no specific date or details about potential licensees were provided.
  • There were 36 completed applications for the licenses by an August 1, 2025 deadline. Animoca Brands and Standard Chartered are among the applicants, launching Anchorpoint Financial Limited as a joint stablecoin venture.

Anchorpoint Financial Limited

Regulatory Developments

  • Hong Kong's financial regulators, including the HKMA, Financial Services and the Treasury Bureau (FSTB), and the Securities and Futures Commission (SFC), are enacting regulatory changes to the crypto market.
  • FSTB and SFC plan to introduce legislation in 2026 to regulate OTC desks, brokers, and asset custodians alongside licensed trading platforms.
  • SFC has set strict guidelines for licensed virtual asset trading platforms to strengthen Hong Kong's digital assets market.
  • HKMA's roadmap includes over 40 initiatives focused on data infrastructure, AI, resilience, and tokenization of finance.