Hong Kong Finalizes Stablecoin Regulations, Establishes Issuer Registry
Hong Kong's monetary authority has cemented its regulatory framework for stablecoins, with new rules taking effect August 1. The HKMA released dual guidelines addressing both supervisory requirements and anti-financial crime measures, creating a compliance roadmap for issuers.
A public registry of licensed issuers will debut on the HKMA website alongside the regulations. No approvals have been granted yet, with the authority warning against fraudulent licensing claims. Prospective issuers face a September 30 deadline for first-round consideration.