The post Stablecoins gain HKMA oversight as 2026 licences start appeared on BitcoinEthereumNews.com.

Hong Kong’s first stablecoin issuer licences: March 2026, limited batch hong kong will issue its first batch of stablecoin issuer licences in March 2026, in a limited tranche designed to phase in the regime, according to Yahoo Finance NZ. The rollout is positioned to prioritise financial stability and user protection over speed. Officials have indicated the Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) will anchor the push, reflecting the city’s bid to grow as a regulated virtual-assets hub. A limited first cohort allows supervision to scale alongside operational evidence from licensees. HKMA stablecoin regulatory regime: scope, eligibility, and issuer requirements Based on commentary compiled by Blockchain Council, the HKMA’s regime emphasises anti‑money laundering and counter‑terrorist financing controls, robust reserve backing, and risk management aligned with cross‑border standards. The framework is built to treat payment‑related stablecoins as financial market infrastructure. According to the same source, expected requirements include minimum paid‑up capital of about HK$25 million (or equivalent), high‑quality liquid reserves backing liabilities, strict client‑asset segregation, and par‑value redemptions within one business day. Public reserve disclosures and ongoing audits are also highlighted to reinforce transparency and redemption confidence. Policymakers have framed the purpose as payments utility rather than speculation. “Stablecoins are not purely speculative instruments but ‘practical tools’ for payments and settlement in the real economy,” said Paul Chan, Financial Secretary. BingX: a trusted exchange delivering real advantages for traders at every level. Payments providers and merchants can plan around clearer redemption and settlement expectations, with T+1 par redemptions supporting predictable checkout, treasury, and cross‑border B2B flows. If issuers demonstrate smooth operations, consumer trust may strengthen. Tokenization projects may anchor fiat on/off‑ramps to licensed HKD or USD stablecoins once available, enabling atomic settlement designs and reserve‑attested liquidity. Product teams should map wallet whitelisting, reserve attestation review, and incident‑response…

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Filed under: News - @ February 25, 2026 4:28 am