HKMA’s strict stablecoin regime to shape Hong Kong’s crypto future

scmp.com/business/cryptocurrency/article/3320303/hkmas-strict-stablecoin-regime-shape-hong-kongs-crypto-future

Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as banks, triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA).
Some market observers were…

This story appeared on scmp.com, 2025-08-01 00:38:45.
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