Woofun AI reports that the Hong Kong Monetary Authority issued stablecoin issuer licenses to two bank-backed institutions in April 2026. Based on current business plans, these regulated stablecoins are anticipated to launch between the middle and latter half of the year.

The government indicated that unregulated entities have been notified of legal requirements, with potential referrals to police or the Department of Justice if necessary.

Additionally, a bill establishing a regulatory framework for virtual asset trading, custody, and advisory services will be submitted to the Legislative Council this year.