There are currently 14 virtual asset trading platform licenses pending approval in Hong Kong, with plans to regulate stablecoin products by the end of the year.

CoinVoice has recently learned that according to reports from Hong Kong media, the Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Ye Zhi Heng, stated that three licenses have been issued to virtual asset trading platforms (VATP) in Hong Kong, and another 14 applications are being processed. The Securities and Futures Commission is taking a relatively expedited approach to approve 11 applications that are considered for licensing, with hopes to issue several more licenses before the end of the year.

Furthermore, the Hong Kong Financial Services and the Treasury Bureau expects to regulate stablecoin products by the end of the year, while regulatory oversight at the issuer level is expected next year. The Monetary Authority will issue a third batch of tokenized green bonds, but there is currently no confirmed timetable. [Original link]