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Hong Kong's stablecoin regulation accelerates again: the licensing mechanism will come into effect in August, and preparations for the custody system will be promoted!
The licensing regime for stablecoin operators will formally commence on 1 August, while preparatory work for the licensing system for virtual asset custodial services is accelerating, with public consultation slated to begin within 2025.
Web3
22 Dec 2025
The Hong Kong Stablecoins Ordinance has been in effect for four months, and 36 institutions are competing for licenses!
Since the formal enactment of Hong Kong's Stablecoin Ordinance, four months have quietly passed. During this period, the city's virtual asset sector has undergone a pivotal shift towards regulation.
Web3
22 Dec 2025
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