Hong Kong will grant its first batch of stablecoin issuer licenses in March, according to Financial Secretary Paul Chan, signaling a further step in the city’s structured approach to digital asset regulation. The licensing regime for fiat-referenced stablecoins is already in place, with authorities aiming to support compliant and risk-controlled innovation.
The government also confirmed plans to introduce legislation this year covering digital asset dealers and custodians, expanding oversight beyond trading platforms and stablecoins. The move reflects a broader effort to strengthen regulatory clarity while aligning with emerging global standards for crypto supervision and tax transparency.
Regulators are increasingly prioritizing market liquidity and product development for professional investors. The Securities and Futures Commission is expected to introduce measures to enhance market depth, including support for derivatives, margin financing, and innovation initiatives, alongside continued development of tokenization frameworks and digital settlement infrastructure.
