Hong Kong’s Regulatory Framework for Stablecoins Takes Effect in August 2025

The Hong Kong Monetary Authority (HKMA) has introduced a regulatory framework for stablecoin issuers, marking a significant step forward for blockchain payments in the region. Implementation begins on August 1, 2025, aiming to enhance security and compliance within the blockchain payment sector. The new regulations require stablecoin issuers to obtain licenses, ensuring transparency and credibility for participants. The HKMA is committed to strengthening monetary stability and consumer confidence.