The Hong Kong Monetary Authority (HKMA) published today (29th) the Consultation conclusions on the Guideline on Supervision of Licensed Stablecoin Issuers and the finalised Guideline; Consultation conclusions on the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers) and the finalised Guideline; and two Explanatory Notes. The two sets of guidelines will also be published in the Gazette on 1 August 2025. HKMA Deputy Chief Executive Darryl Chan stated that the first batch of stablecoin licenses is expected to be issued by early 2026. Related NewsBOCOMI's Stock Recommendation List for Aug (Table)He cautioned against the risk of a conceptual bubble in stablecoins, urging investors to remain calm and think independently amid market exuberance. He also noted that only a few licenses will be issued initially, and even for licensed companies, short-term profit remains uncertain.