Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch
Key Takeaways: Hong Kong’s licensing regime for stablecoin issuers begins on August 1, with limited approvals expected in the initial phase. Applicants must show detailed control systems, including asset security and AML compliance, and prove their ability to operate across jurisdictions. The HKMA references global regulatory frameworks, including FSB guidelines, to structure its supervisory approach. […]
Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch Read More »