John Lee: First Batch of Stablecoin Issuer Licenses Expected to Be Issued Next Month

Odaily News: John Lee, Chief Executive of the Hong Kong Special Administrative Region, stated that the Hong Kong Monetary Authority is actively processing applications for stablecoin issuer licenses and believes the first batch of licenses will be issued next month. In a video address delivered at "Consensus Hong Kong 2026," Lee pointed out that Hong Kong enjoys unparalleled advantages such as "one country, two systems" and an open, transparent market, making it a platform that gathers international capital, talent, and information. The SAR government is committed to establishing Hong Kong as a global hub for digital asset innovation. He also noted that Hong Kong possesses significant advantages in promoting Web3 development and will continue to spare no effort in maintaining its leading position in the fintech field. He welcomed institutions from around the world to collaborate with Hong Kong in building a better digital future. (Jin10)