Hong Kong to Implement Stablecoin Regulation from August 1, 2025
The Hong Kong Special Administrative Region government has announced the effectiveness of the Stablecoin Law (Chapter 656) in the Gazette on June 6, officially choosing August 1, 2025, as the implementation date. This is a pivotal step that demonstrates Hong Kong's strategic vision in the digital asset ecosystem.
Mr. Paul Chan, Hong Kong's Financial Services and Treasury Secretary, emphasized that when the law takes effect, the licensing mechanism will provide a robust legal framework for stablecoin-related activities. This aims to enhance supervision, promote transparency, and strengthen investor confidence in the local cryptocurrency market.
Establishing a legal framework for stablecoins is considered an important milestone, contributing to shaping the cryptocurrency market in Hong Kong. The new legal framework will facilitate stablecoin issuers to operate based on standards, minimize systemic risks, prevent money laundering, and ensure financial security for the entire region.
The management policy is highly adaptive, closely tracking global cryptocurrency market fluctuations. Through this event, Hong Kong reaffirms its position as a leading digital financial center in Asia, paving the way for long-term sustainable development in the blockchain technology and digital asset era.
