The second batch of Hong Kong compliant stablecoin licenses are under application.

MarsBitNews · 2026-04-11T07:39:50+00:00

Mars Finance reports that a second batch of Hong Kong compliant stablecoin licenses is already being applied for. Reliable sources say that Futu Securities and OSL Group are both contenders for the second batch of licenses. However, in November last year, the People’s Bank of China and 13 government ministries stated again that they will crack down on virtual currency trading within China, and they also classified stablecoins as virtual currencies, which means that stablecoin trading will be impossible in mainland China.

MarsBitNews

2026-04-11 07:39:50

Mars Finance reports that the second batch of Hong Kong compliant stablecoin licenses is already being applied for. Reliable sources disclose that Futu Securities and OSL Group are both contenders for the second batch of licenses. However, in November last year, the People’s Bank of China and 13 ministries reiterated their stance, reaffirming the crackdown on virtual currency trading within China and classifying stablecoins as virtual currencies. This means that trading stablecoins will be impossible in mainland China.

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