Guides
Hong Kong crypto licensing explained: SFC exchange rules, 2 of 36 stablecoin bids
In Hong Kong, crypto exchanges need a license from the Securities and Futures Commission, and anyone issuing a fiat-backed stablecoin needs one from the Hong Kong Monetary Authority. Only two stablecoin issuers had been licensed as of April 2026: HSBC and Anchorpoint Financial.
Policy
Hong Kong's SFC calls it a world first: tokenized money market funds now trade 24/7
The SFC let two ChinaAMC tokenized funds trade around the clock on a licensed crypto platform. A week later the HKMA moved its own tokenized settlement rail to 24/7 and said regulated stablecoins are next.