Hong Kong Monetary Authority: Striving to issue the first batch of stablecoin licenses in March.

Christopher Hui, the Chief Executive of the Hong Kong Monetary Authority, stated on February 2, 2026, after a meeting of the Financial Affairs Committee, that they are evaluating applications for stablecoin licenses and collecting further application materials from applicants in order to issue the first batch of stablecoin issuer licenses in Hong Kong by March 2026. Hui also emphasized that the number of licenses for the first batch of stablecoins will be "definitely not many," and the issuance will be aimed at stability. The Monetary Authority has requested additional application materials from some applicants, such as details on the use cases of stablecoins, risk management, or categories of investment reserve assets. After receiving all necessary information, they will make a decision on issuing the licenses as soon as possible.