US EditionStablecoins Inspire Hope, and Hype, in Hong Kong
HONG KONG, JUL 29 – Hong Kong plans to grant only a handful of licences early 2026 under new regulations to ensure financial stability and innovation in its growing stablecoin market.
- On Friday, August 1, 2025, the Stablecoins Ordinance takes effect in Hong Kong SAR, opening licensing applications under the HKMA’s new framework.
- Amid a global crypto resurgence, Hong Kong's new regulations aim to position itself as an Asian crypto hub, with Rita Liu saying, "The opportunities are massive."
- Ahead of August 1, the Hong Kong Monetary Authority released licensing procedures, notes, and two guidelines, stating only 'a handful' of licences will be granted, with applicants needing to demonstrate a feasible business plan.
- Following procedure releases, industry players explored pegged models, with a few dozen interested institutions engaging, HKMA head Eddie Yue said last week.
- Next year, the HKMA is likely to issue the first licences, urging applications before August 31 for feedback in a rolling process.
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Stablecoins inspire hope, and hype, in Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.
RD Technologies Raises $40M to Expand Stablecoin Efforts in Hong Kong
The post RD Technologies Raises $40M to Expand Stablecoin Efforts in Hong Kong appeared on BitcoinEthereumNews.com. Key Points: RD Technologies secures $40 million to advance stablecoin platform in Hong Kong. Aligns with upcoming regulations on August 1, 2025. Strengthened partnerships further stablecoin integration. Hong Kong fintech group RD Technologies has reportedly completed a nearly $40 million Series A2 financing round to enhance its pla…
News: Stablecoins Inspire Hope, And Hype, In Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems. “Some discussion on stablecoins may be overly idealistic,” Yue warned, especially around their “potential to disrupt the mainstream financial system”. powered by Auto Youtube Summarize Related posts: News: Lil Win blasts Daddy Lum…
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