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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Passes Stablecoins Bill to Regulate Fiat-Backed Stablecoins

Hong Kong Passes Stablecoins Bill to Regulate Fiat-Backed Stablecoins

Author:
Global Cryptocurrency
Published:
2025-05-21 11:27:02
14
3

Hong Kong has enacted a new Stablecoins Bill, mandating licensing for issuers of fiat-referenced stablecoins. The legislation requires stablecoin operators to adhere to stringent risk management, reserve custody, and compliance standards under the oversight of the Hong Kong Monetary Authority.

Licensed issuers must ensure redemptions at face value, segregate client assets, and meet anti-money laundering protocols. Financial Services Secretary Christopher Hui emphasized the "same activity, same risk" principle underpinning the regulatory framework.

|Square

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