logo

The Hong Kong Monetary Authority (HKMA) plans to issue the first batch of Stablecoin Licenses in March.

By: theblockbeats.news|2026/02/02 14:01:11
0
Share
copy

BlockBeats News, February 2nd, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue stated that the authority has received stablecoin license applications from 36 institutions and plans to issue the first batch of licenses in March. The Hong Kong "Stablecoin Regulation" officially took effect on August 1st last year, establishing a licensing system for fiat-backed stablecoin issuers.

Eddie Yue pointed out that the HKMA is actively reviewing these applications and has requested additional information from some applicants, including details of specific use cases, risk management measures, and reserve asset composition, among other key elements. The number of institutions receiving the first batch of licenses will be "definitely not many." The HKMA will adhere to the principles of prudence and cautiousness, enhance the regulatory framework for virtual asset activities, and promote financial innovation while maintaining financial stability.

-- Price

--

You may also like

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Popular coins

Latest Crypto News

Read more