The Hong Kong government expects regulated stablecoins to be launched in the middle to second half of this year, and will improve the regulatory system

The Hong Kong government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority granted stablecoin issuer licenses to two institutions with banking backgrounds in April 2026, and regulated stablecoins are expected to be launched in the middle to second half of this year. The Hong Kong Monetary Authority has explained the legal requirements to unregulated entities and followed up, and if necessary, referred them to the police or the Department of Justice for handling. The Hong Kong government will submit a bill to the Legislative Council this year to establish a regulatory system for virtual asset trading, custody, consulting, and management service providers.