Stablecoin

Family

Solo

Standard

<ul>
 <li>HKMA plans to approve limited stablecoin licenses initially.</li>
 <li>77 institutions have shown interest, including HSBC and ICBC.</li>
 <li>Standard Chartered and BOC Hong Kong likely to lead approvals.</li>
</ul>
<p>The Hong Kong Monetary Authority (HKMA) is taking a cautious approach to issuing <strong>Hong Kong stablecoin licenses</strong>, with only a few approvals expected in the first phase. According to the Hong Kong Economic Journal, 77 institutions have already expressed interest by the end of last month.</p>
<p><a href="https://buy.magacoinfinance.com/coincnewsdisplay" target="_blank" rel="noopener noreferrer nofollow"> <img src="https://coinomedia.com/wp-content/uploads/2025/07/magacoin-banner-up.png" alt="magacoinfinance"> </a></p>
<p>Big players in traditional finance are eyeing this opportunity. ICBC (Asia) has joined Bank of China (Hong Kong) in officially signaling their intent to apply. HSBC has also expressed interest, indicating that global banking giants are paying close attention to Hong Kong’s growing digital asset market.</p>
<h2 class="wp-block-heading" id="selective-approval-strategy-by-the-hkma">Selective Approval Strategy by the HKMA</h2>
<p>Rather than granting licenses broadly, the HKMA intends to start with a small number of stablecoin issuers to maintain regulatory control and ensure stability in the digital asset ecosystem. Industry insiders believe Standard Chartered and BOC Hong Kong are top contenders to be among the first approved, thanks to their strong compliance backgrounds and established market presence.</p>
<p>The phased approach is designed to mitigate systemic risk and allow regulators to monitor early entrants closely. It reflects a broader trend in Hong Kong’s financial policy — promoting innovation while prioritizing risk management.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet">
   <p>According to Hong Kong Economic Journal, the HKMA plans to issue only a few stablecoin licenses in the first phase. As of the end of last month, 77 institutions had expressed interest. ICBC (Asia) has joined BOC Hong Kong in signaling intent to apply, while HSBC has also…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1964879562149613879?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 8, 2025</a>
  </blockquote>
 </div>
</figure>
<h2 class="wp-block-heading" id="what-this-means-for-the-crypto-sector">What This Means for the Crypto Sector</h2>
<p>This move marks a significant shift in Hong Kong’s stance toward digital assets. With major banks showing interest, the city is positioning itself as a serious player in the regulated stablecoin space. If successful, this pilot phase could set the standard for future licensing and attract even more institutional involvement in crypto-related financial products.</p>
<p>As Hong Kong continues to fine-tune its digital asset framework, the global crypto community is watching closely. The inclusion of well-known banks suggests that the region is committed to blending traditional finance with next-gen digital tools — carefully, but progressively.</p>
<h4 class="wp-block-heading">Read also:</h4>
<ul>
 <li><a href="https://coinomedia.com/altcoin-rally-incoming-as-stablecoin-dominance-drops/" rel="noopener noreferrer nofollow">Altcoin Rally Incoming as Stablecoin Dominance Drops</a></li>
 <li><a href="https://coinomedia.com/missed-doginme-bullzilla-presale-could-be-the-next-1000x-meme-coin/" rel="noopener noreferrer nofollow">Missed Doginme? BullZilla Presale Could Be the Next 1000x Meme Coin</a></li>
 <li><a href="https://coinomedia.com/altcoin-market-breakout-5/" rel="noopener noreferrer nofollow">Altcoin Market Prepares for Surprise Breakout</a></li>
 <li><a href="https://coinomedia.com/bitcoin-illiquid-supply-hits-record-14-3m-btc/" rel="noopener noreferrer nofollow">Bitcoin Illiquid Supply Hits Record 14.3M BTC</a></li>
 <li><a href="https://coinomedia.com/bitcoin-shorts-liquidation-117k/" rel="noopener noreferrer nofollow">$10B Bitcoin Shorts Face Liquidation at $117K</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinomedia.com/hong-kong-stablecoin-licenses/">Hong Kong to Grant Limited Stablecoin Licenses in First Phase</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinomedia.com">CoinoMedia</a>.</p>

Hong Kong to Grant Limited Stablecoin Licenses in First Phase

Table of Contents

CoinoMedia

Other articles published on Sep 8, 2025

Join our free newsletter for daily crypto updates!