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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Kicks Off Stablecoin Licensing Regime, Effective August 1

Hong Kong Kicks Off Stablecoin Licensing Regime, Effective August 1

Author:
Global Cryptocurrency
Published:
2025-07-30 13:32:02
13
2
BTCCSquare news:

Hong Kong's Monetary Authority (HKMA) has unveiled a comprehensive regulatory framework for stablecoin issuers, set to take effect on August 1. The new regime mandates full licensing for issuers, with stringent guidelines covering operational supervision and anti-money laundering (AML) compliance.

Secretary for the Treasury and Financial Services Christopher Hui hinted at potential licensing for a Hong Kong dollar-pegged stablecoin, signaling the city's push to formalize its digital asset ecosystem. The HKMA's published documents include detailed supervisory and AML guidelines, marking a pivotal step in institutionalizing stablecoin adoption.

|Square

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