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Hong Kong: Stablecoin Ordinance to Take Effect on August 1, 2025
2025-06-06 /
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Author：小编
On June 6, the Government of the Hong Kong Special Administrative Region published a notice announcing that the Stablecoin Ordinance (Cap. 656) will officially come into effect on August 1, 2025. Mr. Christopher Hui, the Secretary for Financial Services and the Treasury, emphasized that with the implementation of this Ordinance, a robust licensing regime will be established to regulate stablecoin activities, marking a significant milestone in the sustainable development of Hong Kong's stablecoin and digital asset ecosystem. The primary objective of the Ordinance is to enhance the regulatory framework governing virtual asset activities, thereby ensuring financial stability.
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