Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, said stablecoins sold to the public must be distributed through regulated institutions designated under the Stablecoins Ordinance.
According to Foresight News, Hui said only purchases of regulated stablecoins from designated regulated institutions are protected under the ordinance, and residents who buy unregulated stablecoins through unregulated channels must bear the risks themselves.
Hui added that the Hong Kong Monetary Authority granted stablecoin issuer licenses in April 2026 to two institutions with banking backgrounds. Regulated stablecoins in Hong Kong are expected to be introduced gradually from mid-year to the second half of this year.
He also said the government and the Securities and Futures Commission plan to submit a bill to the Legislative Council within the year to establish a regulatory regime for virtual asset trading, custody, advisory, and management service providers.
Hong Kong Says Retail Stablecoin Sales Must Go Through Regulated Institutions
2026-06-24 10:04:19
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