中国金融行业- 监管层加密货币风险防范通知要点解读-China Financials -What's New From Regulator's Notice On Crypto Risk Prevention

February 9, 2026 03:26 AM GMT China Financials | Asia Pacific What's New From Regulator's Notice On Crypto Risk Prevention Key Takeaways Implications for stablecoin licensing in HK: We think HK's stablecoin development will be unaffected and will follow at its own pace. However, we think for mainland companies to participate in stablecoin issuance in HK, they will need to get onshore regulatory approval first, as the notice disallows them from issuing cryptocurrency, which we think includes stablecoins, ove ...