- HKMA denies issuing stablecoin licenses as of August 4, 2025.
- The public should be wary of misguided claims.
- Ongoing entry deadline for license applications by September 30, 2025.
The Hong Kong Monetary Authority has not issued any stablecoin licenses as of August 4, 2025, as confirmed by their latest official communication.
The orderly licensing process underscores regulatory caution, aiming to avoid pitfalls of past unregulated stablecoins, potentially impacting global stablecoin markets.
The Hong Kong Monetary Authority (HKMA) clarified no stablecoin licenses have been issued as of August 4, 2025. Official channels indicate ongoing acceptance of applications, with a deadline set for September 30, 2025.
Eddie Yue, Chief Executive of HKMA, emphasized market caution against misleading license claims. The HKMA maintains transparency by providing information solely via its official website.
Market participants and potential issuers are advised to avoid assuming license awards prematurely. This caution aims to prevent market volatility driven by speculative misinformation.
The regulatory environment remains unchanged until licenses are distributed. Regulatory measures mirror international trends, addressing concerns from previous stablecoin crises.
Current market stability hinges on clarity regarding license allocations. Potential applicants maintain active interest, adhering to HKMA’s procedural updates by stipulated deadlines.
Insights reveal potential impacts contingent on future license awards. Analysts anticipate positive effects post-issuance, contingent on adherence to the HKMA’s stringent regulatory framework and global standards.
“As of today, no licence has been issued by the HKMA. In future, the public may refer to the register of licensed stablecoin issuers as shown on the HKMA’s website.” — Eddie Yue, Chief Executive, Hong Kong Monetary Authority (HKMA Press Release)
