Hong Kong’s Stablecoin Ordinance Takes Effect in August 2025

Hong Kong is preparing to launch its new Stablecoin Ordinance on August 1, 2025, marking a significant step forward in the development of its digital asset ecosystem. This landmark legislation, led by Financial Secretary Christopher Hui and coordinated with the Hong Kong Monetary Authority, introduces a licensing regime for stablecoin operations. Experts anticipate that this move will significantly impact market confidence and increase institutional participation in the stablecoin sector.