According to PANews, the Hong Kong government has announced that the Stablecoin Ordinance (Chapter 656) will come into effect on August 1, 2025. This legislation establishes a licensing regulatory framework for stablecoin activities. Additionally, the Financial Secretary has indicated that professional investors will have access to specified stablecoins not issued under a license. Christopher Hui, Secretary for Financial Services and the Treasury, stated that the ordinance marks a significant milestone for the development of the local stablecoin and digital asset ecosystem. The regulatory details, including anti-money laundering requirements, have been finalized following consultations by the Monetary Authority.