Summary

Collection item

Hong Kong's Legislative Council has passed the Stablecoins Bill establishing a licensing regime under the Hong Kong Monetary Authority for fiat-referenced stablecoin issuers to support the city’s ambition to become a global Web3 hub

Hong Kong regulators, after passage of the Stablecoins Bill, will focus on stablecoin real world application by promoting it's use in retail, traditional businesses, cross-border trade, and peer-to-peer transactions

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

Hong Kong’s stablecoin law aims to establish a robust and fit-for-purpose regulatory environment that aligns with international standards and supports the healthy, responsible, and sustainable development of Hong Kong's stablecoins and the broader digital asset ecosystem

Data source type

Collection data source

Filter

{"where":{"AND":[{"attribute":"Jfmby78N4BCseZinBmdVov","is":"KeG9eTM8NUYFMAjnsvF4Dg"}]}}