BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hong Kong Legislative Council Approves Landmark Stablecoin Law
Hong Kong Legislative Council Approves Landmark Stablecoin Law
16
3
Hong Kong’s cryptocurrency market enters a transformative phase with the Legislative Council’s approval of a comprehensive stablecoin law. The legislation establishes a 1:1 fiat-backed licensing regime under HKMA supervision, set for full implementation by year-end.
The regulatory framework bridges traditional finance and digital assets, creating new opportunities for licensed stablecoin issuers. Market participants anticipate increased institutional participation as Hong Kong solidifies its position as a regulated crypto hub.
By:
Previous
Forex Trading Essentials for Beginners on Any Platform
Next
Internet Capital Markets Face Sharp Decline in Trading Volume and Token Creation
