Hong Kong's Stablecoin Ordinance will come into effect on August 1, 2025

According to Foresight News, the Hong Kong SAR Government published the "Announcement on the Stablecoin Ordinance (Effective Date)" in the Gazette today, specifying that August 1, 2025 is the date when the Stablecoin Ordinance (Chapter 656) (the Ordinance) begins to be implemented. The Ordinance was published on May 30, 2025. Its main purpose is to regulate activities involving stablecoins and to establish a licensing system for regulated stablecoin activities in Hong Kong. Xu Zhengyu, Secretary for Financial Affairs and Treasury, said, "After the Ordinance comes into effect, the licensing system will provide appropriate norms for related stablecoin activities and is a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem."

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