Hong Kong ready to issue first stablecoin licenses in March, Financial Secretary says

Hong Kong's Financial Secretary, Paul Chan Mo-po, stated at the Consensus Hong Kong conference that the Special Administration Region is prepared to begin issuing its initial batch of stablecoin licenses next month. The initial issuance will be small, focusing only on companies demonstrating novel use cases, sustainable business models, and strong regulatory compliance. Furthermore, Hong Kong is finalizing its licensing regime for custodian service providers and plans to introduce related legislation this summer to comprehensively cover the digital asset ecosystem. Chan also highlighted three maturing trends: the real-world deployment of tokenized products, increased interaction between DeFi and traditional finance, and the growing link between AI and digital assets, suggesting a future "machine economy" where AI agents transact on-chain.

(Source：CoinDesk)