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HKMA Anticipated to Issue Stablecoin Licenses in Early 2026
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The Hong Kong Monetary Authority (HKMA) published today (29th) the Consultation conclusions on the Guideline on Supervision of Licensed Stablecoin Issuers and the finalised Guideline; Consultation conclusions on the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers) and the finalised Guideline; and two Explanatory Notes. The two sets of guidelines will also be published in the Gazette on 1 August 2025. HKMA Deputy Chief Executive Darryl Chan stated that the first batch of stablecoin licenses is expected to be issued by early 2026. He cautioned against the risk of a conceptual bubble in stablecoins, urging investors to remain calm and think independently amid market exuberance. He also noted that only a few licenses will be issued initially, and even for licensed companies, short-term profit remains uncertain. AAStocks Financial News |
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