PANews June 6 report, according to a government announcement from Hong Kong, the (Stablecoin Ordinance) (Chapter 656) will officially take effect on August 1, 2025, establishing a licensing regulatory system for stablecoin activities. At the same time, the Financial Secretary indicated that professional investors can access specified stablecoins that are not licensed. The Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that the ordinance establishes a key milestone for the development of the local stablecoin and digital asset ecosystem. The relevant regulatory details have been completed by the Monetary Authority after consultation and cover requirements such as anti-money laundering.
