Hong Kong Stablecoin Licenses Delayed
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Hong Kong Misses Stablecoin Licensing Deadline: HKMA Seeks Innovative Issuers
The Hong Kong Monetary Authority missed its March deadline for licensing stablecoin issuers tied to the Hong Kong dollar. Despite signaling rollout last month, no licenses have been greenlit, and the official register remains empty. Big players like HSBC and a joint venture between Standard Chartered and Animoca Brands were expected to be frontrunners, but the HKMA is now seeking issuers with fresh use cases, solid business plans, and top-notch compliance. The delay comes as Hong Kong continues to bridge old-school finance with crypto rails.
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