Hong Kong stablecoin licences are set to debut as early as March, with only a small number of applicants expected to be approved initially, Hong Kong Monetary Authority chief executive Eddie Yue told lawmakers. Yue said vetting of licence applications is nearing completion, with the HKMA assessing proposed use cases, governance and risk controls, anti-money laundering arrangements, and the reserve assets backing each stablecoin. He added that licensed issuers must comply with

The Hong Kong stablecoin licenses programme has drawn 77 expressions of interest as of 31 August, the HKMA said. Interested institutions...

The Hong Kong Monetary Authority (HKMA) has cautioned that stablecoins should not be viewed as investment assets, but rather as payment...