The Hong Kong Monetary Authority (HKMA) will hold a technical briefing for stablecoin issuers on April 10 at 5:00 PM. The session will be led by Deputy Chief Executive Chen Weimin, Assistant Chief Executive (Enforcement and Anti-Money Laundering) Chen Jinghong, Assistant Chief Executive (Monetary Management) He Hanjie, and Head (Digital Finance) He Hongzhe. Following the briefing, licensed stablecoin issuers are scheduled to meet with the media.
The HKMA had previously indicated it aimed to issue the first batch of stablecoin licenses last month but ultimately made no announcement. Earlier reports suggested that three companies are expected to receive licenses, including
In February, the HKMA disclosed it had received stablecoin license applications from 36 institutions, spanning banks, technology firms, securities/asset management/investment companies, e-commerce platforms, payment service providers, and startups/web3 enterprises. HKMA Chief Executive Yu Weiwen previously emphasized that the number of stablecoin licenses issued will be limited, with a focus on maintaining a prudent and stable approach.