Hong Kong Enacts Stablecoin Licensing for a Secure Crypto Ecosystem

Hong Kong has taken a significant step forward in regulating the crypto landscape by enacting a new law requiring stablecoin issuers to obtain licenses. The ‘Stablecoin Ordinance’ introduced on May 30, 2025, mandates compliance with stringent requirements including reserve asset management and anti-money laundering practices. This aligns with global trends in regulating the crypto market for increased security and stability.