Jun 23, 20257353 Views
Jun 23, 2025
Hong Kong "Stablecoin Regulations" will take effect on August 1. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that Hong Kong has established relatively strict standards for stablecoin issuers, with high entry barriers, almost in line with electronic wallet and banking regulations. It is expected that only a few licenses will be issued in the first phase, and the stablecoins that are licensed will have specific purposes, such as cross-border trade. Yue mentioned that the Hong Kong Monetary Authority has very strict requirements for risk management, whether it is asset reserve management, stability mechanisms, redemption policies, or most importantly, anti-money laundering regulations, which are almost the same as electronic wallets and banks. Stablecoins have payment attributes, and the "Stablecoin Regulations" provide issuers with a comprehensive regulatory framework to ensure that the same risks have the same regulatory rules, as well as the healthy and sustainable development of the industry.
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