WuShuo has learned that in a written response to the Legislative Council, the Hong Kong government stated that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Based on the current business plans of these two institutions, Hong Kong-regulated stablecoins are expected to launch in the middle to second half of this year. The Hong Kong government mentioned that the HKMA has sent letters to unregulated entities operating stablecoin issuance businesses in the market to clarify legal requirements and will continue to follow up; cases, if necessary, may be referred to the police or the Department of Justice for handling. The government also stated that it will submit a bill to the Legislative Council this year to establish a regulatory framework for virtual asset trading, custody, advisory, and management service providers. https://(wublock123.com)/news/hong-kong-regulated-stablecoins-launch-h2-2024-63582