Hong Kong to Issue Crypto Licenses Amid Mainland China's Ban

Hong Kong is set to begin issuing cryptocurrency licenses in March 2026, despite the ongoing ban on crypto activities in mainland China. According to NS3.AI, the Hong Kong Monetary Authority is currently reviewing 36 applications as part of this initiative. The regulatory framework will emphasize stablecoin oversight, anti-money laundering measures, and financial stability. This move comes as BRICS nations intensify efforts to lessen their reliance on the US dollar, positioning Hong Kong as a pivotal link between traditional finance and regulated digital assets.