[Hong Kong Government: Regulated Stablecoins Expected to Launch in Mid to Late This Year] BlockBeats News, June 27, the Hong Kong government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Based on the existing business plans of these two institutions, regulated stablecoins in Hong Kong are expected to launch in mid to late this year. The Hong Kong government mentioned that the HKMA has issued letters to unregulated entities operating stablecoin issuance businesses in the market to explain 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 providers of virtual asset trading, custody, advisory, and management services. [Original Link]