Recommended

#BTCCOGWEEK: Celebrate the Classics of Meme Coins
Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Criminalizes Unlicensed Stablecoin Promotion Under New Ordinance

Hong Kong Criminalizes Unlicensed Stablecoin Promotion Under New Ordinance

Author:
Global Cryptocurrency
Published:
2025-07-25 00:14:02
24
1
BTCCSquare news:

Hong Kong's legislative council has enacted a Stablecoin Ordinance, set to take effect August 1, 2025, imposing strict penalties for unlicensed promotion of fiat-referenced stablecoins (FRS). Violators face fines up to HK$50,000 (~$6,500) and six months imprisonment—a MOVE the HKMA says targets consumer protection and market order.

The law effectively bans retail traders from advertising or transacting with unlicensed stablecoins, narrowing participation to regulated entities. This follows global regulatory trends but could dampen Hong Kong's crypto hub ambitions by restricting a key onramp for retail investors.

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service
Social Media

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved