Hong Kong to Launch Stablecoin Licensing Regime in 2025

Hong Kong's Monetary Authority has unveiled a comprehensive licensing framework for stablecoin issuers, set to take effect August 1, 2025. The MOVE signals the city's push to formalize oversight of digital assets while maintaining financial stability.

The framework includes detailed compliance rules, anti-money laundering protocols, and transitional arrangements for existing operators. Issuers are encouraged to submit applications by September 30 for priority review, with early engagement recommended by August 31.

This regulatory clarity positions Hong Kong as a potential hub for compliant stablecoin innovation in Asia, potentially setting a regional precedent. The development comes as global jurisdictions increasingly recognize the need for structured digital asset oversight.