DevHacker Noonabout 9 hours ago
Hong Kong Licensed Only Two Stablecoin Firms
4 min read
Hong Kong's Stablecoins Ordinance took effect August 1, 2025. After eight months and 36 applications, the HKMA licensed only HSBC and Anchorpoint Financial on April 10, 2026. The move shows Hong Kong's answer to whether crypto and serious regulation can coexist.
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