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Regulation on stablecoins - Hong Kong
August 9 , 2025
12 hrs 0 min
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- Hong Kong has enforced the Stablecoins Ordinance from August 1 to license and regulate fiat-referenced stablecoins (FRS).
- Issuing or marketing unlicensed stablecoins to retail investors is now illegal under the new law.
- The Companies must obtain a licence from the Hong Kong Monetary Authority (HKMA) and meet strict rules on asset reserves, audits, and anti-money laundering measures.
- Stablecoins are crypto assets pegged to fiat currencies or commodities to keep their value relatively stable.
- Globally, over $250 billion worth of stablecoins are in circulation, used for the trading, remittances, and saving in volatile economies.
- Countries like the United States, Japan, and Singapore have introduced the stablecoin rules.
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