Hong Kong authorities have confirmed that stablecoin licensing is set to begin in March, reinforcing the city’s Web3 ambitions, according to a report by RTHK. Officials said the new framework will formally regulate issuers and strengthen oversight of digital asset activities.
The licensing regime is designed to bring stablecoin issuers under a structured regulatory umbrella, with requirements aimed at safeguarding financial stability and investor protection. Authorities indicated that the move reflects Hong Kong’s intention to position itself as a leading digital asset hub while maintaining clear compliance standards. Companies seeking to operate in the stablecoin sector will need to meet specified criteria once the regime takes effect. The announcement signals continuity in the government’s broader Web3 strategy and provides a clearer timeline for market participants preparing applications.
With March approaching, industry stakeholders are now watching for detailed guidance on application procedures and supervisory expectations. Further clarification on eligibility, capital requirements, and compliance timelines will likely shape how quickly firms can enter the regulated stablecoin market.
Source: RTHK.
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