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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Moves Forward with Stablecoin Licensing

Hong Kong Moves Forward with Stablecoin Licensing

Author:
Global Cryptocurrency
Published:
2025-05-21 10:47:02
10
1

Hong Kong’s Legislative Council has approved the Stablecoin Bill, paving the way for regulated issuance of stablecoins. Licensed providers will soon be able to apply through the Hong Kong Monetary Authority, with operations expected to commence later this year.

The legislation mandates full backing by legal tender, a measure designed to enhance market stability and investor confidence. This regulatory clarity positions Hong Kong as a forward-thinking hub for digital currency innovation.

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