News with the tag "HKMA"

Hong Kong is set to introduce a stablecoin licensing framework by early 2026, aiming to regulate stablecoin activities and position itself as a leading Web3 hub.

The Hong Kong Stablecoin Ordinance is a new regulatory framework by the HKMA to govern stablecoin issuance and operation, aiming to ensure market stability and investor protection while fostering a secure digital asset environment.

Over 40 firms are preparing to apply for Hong Kong stablecoin licenses, but the HKMA is expected to approve only a small number, reflecting a cautious regulatory approach.