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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Passes Stablecoins Bill to Enhance Regulatory Framework

Hong Kong Passes Stablecoins Bill to Enhance Regulatory Framework

Author:
Global Cryptocurrency
Published:
2025-05-21 22:14:02
17
3

Hong Kong has enacted the Stablecoins Ordinance, introducing a licensing regime for fiat-referenced stablecoin issuers. The move aims to fortify financial stability while fostering innovation in the VIRTUAL asset sector. The Hong Kong Monetary Authority underscores the legislation as a pivotal step in regulating digital asset activities.

Entities issuing stablecoins pegged to the Hong Kong dollar or operating within the jurisdiction must now comply with stringent licensing requirements. This regulatory clarity is expected to attract institutional participation and bolster market confidence.

|Square

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