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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Passes Stablecoin Licensing Bill to Attract Global Issuers

Hong Kong Passes Stablecoin Licensing Bill to Attract Global Issuers

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-21 18:32:02
0

Hong Kong has positioned itself as a competitive player in the digital asset space with the passage of a new stablecoin licensing bill. The legislation establishes a regulatory framework for fiat-backed stablecoin issuers, inviting global enterprises to operate under its jurisdiction.

Legislative Council member Johnny Ng emphasized the region’s readiness to welcome stablecoin projects, noting that applications for licenses will be processed by the Hong Kong Monetary Authority by year-end. The MOVE follows a 2023 consultation paper and subsequent Stablecoin Bill, now approved in its third reading.

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