Hong Kong’s stablecoin law to take effect in August
9 Articles
9 Articles
Hong Kong Sets August 1 For Stablecoin Law Rollout
Key Insights: Hong Kong’s new stablecoin law requires issuers to obtain licenses. The law ensures stablecoin backing with cash or government bonds. Anti-money laundering and counter-terrorist financing rules apply. Hong Kong’s Legislative Council passed the Stablecoin Bill on May 21, 2025. The law will take effect on August 1, 2025. Stablecoin issuers must obtain authorization from the HKMA. They are required to follow the guidelines set by the…
Hong Kong’s Bold Move: Stablecoin Ordinance To Shape Global Crypto Markets
Hong Kong’s Stablecoin Ordinance requires businesses to obtain licenses before issuing stablecoins. The ordinance aims to ensure a transparent and secure environment for stablecoin advertising and market operations. Swift stablecoin regulation sets a global standard, positioning the region as a leader in digital asset markets. Hong Kong has announced that the enforcement of the Stablecoin Ordinance will begin in August 2025. The official announc…
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