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Hong Kong Approves Stablecoin Licensing Regime Set for 2025 Implementation
Hong Kong Approves Stablecoin Licensing Regime Set for 2025 Implementation
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Hong Kong has enacted landmark legislation establishing a mandatory licensing framework for stablecoin issuers, marking a significant step toward formalizing cryptocurrency oversight. The new regime, administered by the Hong Kong Monetary Authority, will enforce stringent reserve requirements and redemption protocols starting later this year.
Issuers of fiat-pegged tokens must now comply with rigorous standards mirroring traditional finance, including segregated client assets and enhanced anti-money laundering controls. The MOVE signals Hong Kong’s ambition to position itself as a regulated digital asset hub while maintaining financial stability.
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