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Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

By Sandali Handagama|Edited by Sheldon Reback

Updated Mar 8, 2024, 7:09 p.m. Published Dec 27, 2023, 10:13 a.m.

Hong Kong harbor skyline view into Kowloon — The HKMA and FSTB are seeking feedback on proposals for regulating stablecoins. (Ruslan Bardash/Unsplash)