BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hong Kong Releases Regulatory Framework for Stablecoin Issuers
Hong Kong Releases Regulatory Framework for Stablecoin Issuers
12
2
BTCCSquare news:
Hong Kong's monetary authority has finalized its regulatory playbook for stablecoin issuers, setting clear guidelines for compliance ahead of Friday's licensing regime launch. The HKMA's framework addresses reserve management, anti-money laundering protocols, and transitional arrangements for existing operators—a MOVE signaling maturation in Asia's digital asset markets.
With 40 firms already queuing for licenses, the regulator anticipates approving fewer than 10 applications initially. HKMA CEO Eddie Yue tempered expectations, cautioning non-stablecoin businesses against premature enthusiasm. The August 31 application deadline allows regulators to articulate supervisory expectations to prospective issuers.
By:
Previous
Hong Kong Delays Stablecoin Licensing Until 2025 Amid Regulatory Scrutiny
Next
Husky Inu Token Registers Second Consecutive Price Increase in Pre-Launch Phase
