Hong Kong Monetary Authority: Stablecoin Issuers Regulatory Framework to Take Effect on August 1
BlockBeats News, July 29th, according to an official announcement, the Hong Kong Monetary Authority (HKMA) today released multiple guidelines and explanatory documents on the stablecoin issuer regulatory regime to be implemented from August 1, 2025. The "Licensed Stablecoin Issuer Regulatory Guidance Consultation Summary" and "Guidance on Anti-Money Laundering and Counter-Financing of Terrorism (Applicable to Licensed Stablecoin Issuers) Consultation Summary" will be officially published on August 1, 2025. With the regulatory regime coming into effect, market participants should comply with the Stablecoin Ordinance and relevant guidelines.
The HKMA encourages institutions intending to apply for a license to contact the HKMA through the official email address by August 31, 2025, or earlier, so that the HKMA can communicate regulatory expectations and provide appropriate feedback. The licensing process will be an ongoing one. If individual institutions believe they are fully prepared and wish to be considered at the earliest opportunity, they should submit their application to the HKMA by September 30, 2025, or earlier.
The HKMA reminds market participants to exercise caution in their public communications to avoid making statements that may be misunderstood or create unrealistic expectations. Under the Stablecoin Ordinance, falsely claiming to be a licensee or an applicant is illegal.
As of today, the HKMA has not issued any licenses. The public can refer to the HKMA website in the future for announcements of licensed stablecoin issuers. The public should remain vigilant against any claims of regulated or licensed stablecoin issuers in Hong Kong, as well as individuals claiming to be in the process of applying for a license. If the public holds unlicensed stablecoins, they do so at their own risk.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Popular coins
Latest Crypto News
