Woofun AI reports that Hong Kong Financial Secretary Kevin Hui clarified in a Legislative Council reply that public sales of stablecoins must occur through regulated entities under the Stablecoin Regulations. Individuals acquiring tokens via unregulated channels bear all associated risks independently. The HKMA issued licenses to two banking-backed issuers in April 2026, with regulated products slated for release between mid-year and the second half of this year.

Additionally, the government and SFC will submit a bill this year to regulate virtual asset trading and custody services.