Hong Kong’s Stablecoins Bill establishing a licensing regime for fiat-referenced stablecoin is set to take effect later in 2025 to provide the industry sufficient time to prepare for the new regulatory requirements

Event date

December 31, 2025

Quotes that support claims

The Hong Kong government said in a statement that the Stablecoins Ordinance is set to come into effect this year, to "allow sufficient time for the industry to understand the requirements under the licensing regime.

Hong Kong's Legislative Council has passed the Stablecoin Bill, paving the way for licensed fiat-backed stablecoin issuers by year-end and positioning the region as a potential global Web3 hub.

Tags

Week 01 of 2025