The new Stablecoin Ordinance, effective August 1, 2025, will regulate fiat-backed digital assets to improve cross-border payment efficiency. This step represents Hong Kong’s commitment to aligning with international standards and enhancing the financial technology landscape.
Major enterprises such as JD.com and Ant Group are considering applying for stablecoin licenses, demonstrating strong industry interest. The regulation also aims to foster secure practices similar to Europe’s MiCA, supporting innovation in the digital asset space.
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