Hong Kong Set to Enforce Stablecoin Regulations by August 2025 – Coincu
The post Hong Kong Set to Enforce Stablecoin Regulations by August 2025 – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Hong Kong to enforce stablecoin regulations from August 2025, enhancing digital finance. 10 trading platform licenses issued, 8 under review. Strengthened regulatory framework to attract institutional interest. Hong Kong to enforce stablecoin regulations from August 2025, enhancing digital finance. Hong Kong to Launch Stablecoin Regulations in 2025Hong Kong Financial Secretary Paul Chan announced at a recent forum that the region will enforce stablecoin regulations starting August 1, 2025, as part of ongoing efforts to develop digital finance sectors. This move marks a significant advancement in Hong Kong’s digital asset regulatory framework. Progress and Market Impact of Hong Kong’s Regulatory Advances Hong Kong has announced groundbreaking stablecoin legislation effective from August 1, 2025. Financial Secretary Paul Chan stated these efforts are part of Hong Kong’s aim to maintain its competitive edge in the digital asset market. This legislation follows the issuance of 10 trading platform licenses, with 8 more applications under review. Industry players like HSBC and JP Morgan have praised Hong Kong’s approach, expecting it to foster greater institutional involvement. Paul Chan emphasized, “We embrace the development of digital assets and have accelerated the improvement of relevant legal frameworks.” Bitcoin (BTC) recently experienced a 0.86% price decrease over 24 hours, trading at $101,884.70, as per CoinMarketCap. The market capitalization stands strong at $2.03 trillion, despite a series of dips over various ranges. Its circulation nears the cap at 19.88 million. Recently, the market has shown strong interest in digital assets, especially sparking intense discussions on stablecoin issuance. As an international financial center, Hong Kong must continuously reform and innovate to enhance our competitive edge. We embrace the development of digital assets and have accelerated the improvement of relevant legal and regulatory frameworks in recent years. — Paul Chan, Financial Secretary, Hong Kong SAR Historical Context, Price Data, and…
Filed under: News - @ June 23, 2025 7:25 am