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Hong Kong’s New Stablecoin Regime: Implications for Indian Crypto Firms

Hong Kong’s New Stablecoin Regime: Implications for Indian Crypto Firms

Published:
2025-06-26 06:19:01
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BTCCSquare news:

Hong Kong has established Asia's first comprehensive licensing framework for fiat-referenced stablecoins, with the Stablecoins Bill taking effect August 1, 2025. The legislation mandates licenses for issuers, marketers, or redeemers of fiat-backed stablecoins in Hong Kong, with severe penalties for non-compliance.

The regime requires 1:1 reserve backing with high-quality assets, monthly attestations, and quarterly audits. Algorithmic stablecoins like Terra's UST are explicitly banned. With HK$25 million minimum capital requirements, the framework offers Indian crypto startups a regulated offshore base while maintaining strict oversight.

|Square

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