Hong Kong Launches Stablecoin Licensing Regime Amid Surging Interest
Hong Kong has activated its stablecoin licensing framework, with thirty-six firms already vying for regulatory approval. The MOVE signals the region's commitment to integrating digital assets into its financial infrastructure while maintaining stability.
The Hong Kong Monetary Authority's sandbox-tested approach now transitions to formal enforcement, with rules taking full effect by January 2026. This positions Hong Kong as a competitive hub for compliant stablecoin innovation.
Notably absent are major stablecoins like DAI from the applicant list, suggesting cautious market entry or ongoing compliance adjustments. The regime creates structured pathways for projects like TAIKO and ENA while filtering out speculative tokens.