# hongkong

# HongKongStablecoinIssuerLicenseList
Hong Kong Stablecoin Update: The Race for the License
Hong Kong is rapidly finalizing its framework for fiat-referenced
stablecoins (FRS). While the legislative bill is currently undergoing the
consultation process (expected to be enacted later this year/early next year),
the Hong Kong Monetary Authority (HKMA) has activated a "Stablecoin Issuer
Sandbox" to allow firms to test their tech.
Current Status: No entity holds the final license
yet, as the legislation has not passed. However, the "Sandbox"
participants are the de facto front-runners.
The Watc

🇭🇰 Hong Kong Stablecoin Licenses: The List is Coming in March – Where Does Gate.io Stand? 🚀
Hong Kong is on the verge of making history as one of the first global financial hubs to fully regulate fiat-referenced stablecoins. With the Stablecoin Ordinance in effect since August 1, 2025, the Hong Kong Monetary Authority (HKMA) is gearing up to announce the first batch of licensed issuers by March 2026.
This isn’t just regulatory news—it’s a market-moving event. Here’s everything you need to know about the "Hong Kong Stablecoin Issuer License List" and what it means for you on Gate.io. 👇
📅 T