The post Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses appeared on BitcoinEthereumNews.com. The post Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses appeared first on Coinpedia Fintech News The Hong Kong Monetary Authority (HKMA) is moving carefully as it begins the stablecoin licensing process. Despite receiving interest from 77 institutions by the end of last month, the regulator plans to issue only a few licenses in the first phase. This cautious rollout aims to maintain oversight while gradually testing Hong Kong’s stablecoin ecosystem. Major Banks Join the Race Big players are lining up. Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has applied through its Hong Kong arm, ICBC (Asia). This makes it the second Chinese banking giant in the race after Bank of China (Hong Kong). HSBC has also shown interest, while industry insiders believe Standard Chartered and BOC Hong Kong could be among the first to secure approvals. If granted, these licenses will anchor Hong Kong’s ambition to be a trusted global hub for regulated digital assets. Screening Before Approval The HKMA has stressed that ongoing talks with institutions are part of an initial screening—not a guarantee of approval. “Whether a licence is ultimately granted will depend on whether the application meets the licensing requirements,” an HKMA spokesperson explained. The authority has also reminded the public to be cautious of unlicensed stablecoins and misleading promotions from non-approved entities. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read :   Coinpedia Digest: This Week’s Crypto News Highlights | 6th September, 2025   , Global Impact of HKMA’s Approach Formal applications are expected soon, but the final number of approvals… The post Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses appeared on BitcoinEthereumNews.com. The post Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses appeared first on Coinpedia Fintech News The Hong Kong Monetary Authority (HKMA) is moving carefully as it begins the stablecoin licensing process. Despite receiving interest from 77 institutions by the end of last month, the regulator plans to issue only a few licenses in the first phase. This cautious rollout aims to maintain oversight while gradually testing Hong Kong’s stablecoin ecosystem. Major Banks Join the Race Big players are lining up. Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has applied through its Hong Kong arm, ICBC (Asia). This makes it the second Chinese banking giant in the race after Bank of China (Hong Kong). HSBC has also shown interest, while industry insiders believe Standard Chartered and BOC Hong Kong could be among the first to secure approvals. If granted, these licenses will anchor Hong Kong’s ambition to be a trusted global hub for regulated digital assets. Screening Before Approval The HKMA has stressed that ongoing talks with institutions are part of an initial screening—not a guarantee of approval. “Whether a licence is ultimately granted will depend on whether the application meets the licensing requirements,” an HKMA spokesperson explained. The authority has also reminded the public to be cautious of unlicensed stablecoins and misleading promotions from non-approved entities. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read :   Coinpedia Digest: This Week’s Crypto News Highlights | 6th September, 2025   , Global Impact of HKMA’s Approach Formal applications are expected soon, but the final number of approvals…

Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses

2025/09/08 13:23
9분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

The post Hong Kong Crypto Regulation Tightens With Limited Stablecoin Licenses appeared first on Coinpedia Fintech News

The Hong Kong Monetary Authority (HKMA) is moving carefully as it begins the stablecoin licensing process. Despite receiving interest from 77 institutions by the end of last month, the regulator plans to issue only a few licenses in the first phase. This cautious rollout aims to maintain oversight while gradually testing Hong Kong’s stablecoin ecosystem.

Major Banks Join the Race

Big players are lining up. Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has applied through its Hong Kong arm, ICBC (Asia). This makes it the second Chinese banking giant in the race after Bank of China (Hong Kong). HSBC has also shown interest, while industry insiders believe Standard Chartered and BOC Hong Kong could be among the first to secure approvals. If granted, these licenses will anchor Hong Kong’s ambition to be a trusted global hub for regulated digital assets.

Screening Before Approval

The HKMA has stressed that ongoing talks with institutions are part of an initial screening—not a guarantee of approval. “Whether a licence is ultimately granted will depend on whether the application meets the licensing requirements,” an HKMA spokesperson explained. The authority has also reminded the public to be cautious of unlicensed stablecoins and misleading promotions from non-approved entities.

.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}

.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}

.entry ul.article-inside-link li:last-child {
display: none;
}

  • Also Read :
  •   Coinpedia Digest: This Week’s Crypto News Highlights | 6th September, 2025
  •   ,

Global Impact of HKMA’s Approach

Formal applications are expected soon, but the final number of approvals remains unclear. Experts believe the limited supply of licenses may push firms to delay, form partnerships, or explore alternative compliance strategies.

The HKMA’s measured rollout is being closely watched worldwide. Early decisions on transparency, eligibility, and retail access will likely influence how other regulators design their own stablecoin rules. For now, Hong Kong is in the spotlight as global banks prepare to take part in its tightly regulated stablecoin experiment.

.article_register_shortcode {
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
}

.article_register_shortcode .media-body h5 {
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
text-align:left;
}

.article_register_shortcode .media-body h5 span {
color: #0052CC;
}

.article_register_shortcode .media-body p {
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
text-align:left;
}
.article_register_shortcode .media-body{
padding-right: 14px;
}

.article_register_shortcode .media-button a {
float: right;
}
.article_register_shortcode .primary-button img{
vertical-align: middle;
width: 20px;
margin: 0;
display: inline-block;
}

@media (min-width: 581px) and (max-width: 991px) {
.article_register_shortcode .media-body p {
margin-bottom: 0;
}
}

@media (max-width: 580px) {
.article_register_shortcode {
display: block;
padding: 20px;
}

.article_register_shortcode img {
max-width: 50px;
}

.article_register_shortcode .media-body h5 {
font-size: 16px;
}

.article_register_shortcode .media-body {
margin-left: 0px;
}

.article_register_shortcode .media-body p {
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
}

.article_register_shortcode .media-button a {
float: unset;
}

.article_register_shortcode .secondary-button {
margin-bottom: 0;
}
}

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

.subscription-options li {
display: none;
}
.research-report-subscribe{
background-color: #0052CC;
padding: 12px 20px;
border-radius: 8px;
color: #fff;
font-weight: 500;
font-size: 14px;
width: 96%;
}
.research-report-subscribe img{
vertical-align: sub;
margin-right: 2px;
}


Subscribe to News

var templateIds = “6”;
var listOfSubscribed = [];

function subscribed_popupmodal(template_id) {
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);
var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’);
if (subcribemodal) {
var modalContent = `

`;
subcribemodal.innerHTML = modalContent;
}
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
}

function toggleSubscription(subscription, template_id) {
var subscriptionCheckbox = document.getElementById(subscription + ‘_’ + template_id);
var li = document.getElementById(subscription + ‘Selected_’ + template_id);
if (subscriptionCheckbox.checked) {
li.classList.add(‘active’);
} else {
li.classList.remove(‘active’);
}
}

function getAllSubscriberCategoryList(getcategoryId) {

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
{
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
},
success: function(response) {
var result = JSON.parse(response.message);

if (result.status === true) {

var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory => {

if (listofcategory.subscribe_status === 1) {
if (!listOfSubscribed.includes(listofcategory._id)) {

listOfSubscribed.push(listofcategory._id);
}

if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) {
idstosubscribed.push(listofcategory.news_cp_category_row_id);
}
}
});

idstosubscribed.forEach(id => {
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);

if (subscribeButton && unsubscribeButton) {
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);

if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
});
}

},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}

function subscribe_unsubscribe_status(getcategoryId) {
var elementTounsubscribe = parent.document.getElementById(‘unsubscribe_’ + getcategoryId);
var elementTosubscribe = parent.document.getElementById(‘subscribe_’ + getcategoryId);
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
{
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list?category_row_id=’ + getcategoryId,
},
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true) {
parent.jQuery(‘.skeliton-loader-block’).hide();
var hasSubscribeStatusOne = false;
result.message.forEach(subscribeStatus => {
if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) {
hasSubscribeStatusOne = true;
}
if (subscribeStatus.notification_type === 3) {
parent.document.getElementById(‘monthlySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘monthly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘monthly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 2) {
parent.document.getElementById(‘weeklySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘weekly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘weekly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 1) {
parent.document.getElementById(‘dailySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘daily_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘daily_’ + getcategoryId).checked = true;
}
}
if (subscribeStatus.subscribe_status === 1) {
listOfSubscribed.push(subscribeStatus._id);
}
});
if (hasSubscribeStatusOne) {
elementTosubscribe.style.display = ‘none’;
elementTounsubscribe.style.display = ‘block’;
} else {
elementTosubscribe.style.display = ‘block’;
elementTounsubscribe.style.display = ‘none’;
}
}
},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}

function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);

// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);

checkboxes.forEach(function(checkbox) {
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked) {

selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
} else {

uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id
}
});

// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);

var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];

var categoryData = {
‘subscribed_categories’: concatinateSubscribeId
};

var requestSubscriberData = {
action: ‘handle_dynamic_api_request_with_headers’,
security: ‘e61bfaff86’,

endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
categoryData
};

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
requestSubscriberData,
beforeSend: function(xhr) {
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
},
success: function(response) {
try {
response = response.data;

if (storeCheckedId.length === 0) {
var unsubcribedPopUpmodal =

`

`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘none’;
}

} else {

var subscribedPopupModal =

`

FAQs

What is the HKMA’s role in crypto regulation?

The Hong Kong Monetary Authority (HKMA) oversees financial stability and has introduced a licensing framework for stablecoins as part of its crypto regulation efforts.

How many stablecoin licenses will HKMA approve?

In the first phase, HKMA plans to issue only a few licenses despite receiving interest from 77 institutions.

Which banks are applying for HKMA’s stablecoin licenses?

Major contenders include ICBC (Asia), Bank of China (Hong Kong), HSBC, and Standard Chartered.

Why is HKMA limiting stablecoin licenses?

The cautious rollout ensures proper oversight, reduces risks, and allows regulators to gradually test the stablecoin ecosystem.

Source: https://coinpedia.org/news/hong-kong-crypto-regulation-tightens-with-limited-stablecoin-licenses/

시장 기회
체인링크 로고
체인링크 가격(LINK)
$9.087
$9.087$9.087
+0.39%
USD
체인링크 (LINK) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!