June 16, 2025 — Hong Kong just fired a major shot in the global crypto race. Financial Secretary Paul Chan Mo-po has unveiled a bold plan to **fast-track** digital asset development — and stablecoins are front and center.
Starting **August 1, 2025**, the Hong Kong Monetary Authority will begin accepting **stablecoin license applications**. No delays. No uncertainty. Just regulatory clarity aimed at turning the city into a digital finance powerhouse. 🏦💥
But that’s not all…
Hong Kong is gearing up to release its **second official policy declaration** on digital assets. This isn’t just lip service — it's a strategic roadmap to unleash Web3 innovation, integrate tokenized finance, and build a **regulated blockchain economy** that works across sectors.
Paul Chan made it clear:
Hong Kong is done watching from the sidelines. It’s stepping up with a framework that welcomes **startups and institutions** alike — while keeping risk in check.
This move follows its Web3 rollout in 2022–2023, and comes as rivals like the **EU and UAE** accelerate their crypto regulations. Hong Kong’s message?
We’re not just competing — we’re leading.
From stablecoins to smart contracts, the battle for digital dominance is heating up. And Hong Kong just turned up the volume.
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