Hong Kong's anticipated issuance of its first stablecoin issuer licenses by the end of March has been delayed, according to a report. The Hong Kong Monetary Authority (HKMA) spokesperson stated that efforts to advance the licensing process are ongoing and announcements will be made in due course. Previously, HKMA Chief Executive Yu Weiwen revealed that 36 license applications had been received, with plans to issue a small number of licenses in March. Market expectations had included HSBC and Standard Chartered among potential first-round recipients.