Hong Kong Sets 2025 Deadline for Stablecoin Ordinance Implementation

Hong Kong has set a definitive timeline for implementing its stablecoin regulation, with the plan to go into effect by August 1, 2025. The new legislation outlines a legal framework for stablecoin issuers and mandates compliance on asset management, user redemption, and fund segregation. This regulatory move is significant as it aligns Hong Kong’s approach with global standards in digital finance, potentially paving the way for greater adoption of stablecoins internationally.