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Hong Kong: The "Stablecoin Ordinance" will come into effect on August 1, 2025.
Gate News bot message, the Hong Kong Special Administrative Region government today (June 6) published the “Stablecoin Ordinance (Commencement Date) Notice” in the Gazette, designating August 1, 2025, as the date when the “Stablecoin Ordinance” (Chapter 656) (the “Ordinance”) will come into effect.
The Secretary for Financial Services and the Treasury, Xu Zhengyu, stated: “After the enactment of the ‘Regulation’, the licensing system will provide appropriate regulations for related stablecoin activities, marking a milestone in promoting the sustainable development of Hong Kong’s stablecoin and digital asset ecosystem.”
Source: Jin10