Hong Kong's stablecoin licensing regime has entered the implementation phase. According to the Hong Kong Monetary Authority's latest disclosure in February 2026, the first batch of licenses is expected to be issued in March 2026. Currently, in-depth assessments are being conducted on 36 applicant institutions, but the number of licenses issued in the first batch will be strictly controlled (expected to be only single digits), with the principle of "prudence first."#弑天 #BTC何时反弹？ #香港3月发首批稳定币牌照