[Market Pulse] ⚠️ Hong Kong Halts Stablecoin Licensing Until End of 2025
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In a major regulatory shift, Hong Kong has announced a freeze on all new stablecoin licenses until late 2025, aiming to strengthen oversight and ensure compliance with international standards.
The move, revealed on July 29, 2025, comes amid rising stablecoin use in RWA and cross-border payments.
🧠 While this reflects a cautious approach to financial innovation, it may delay stablecoin adoption and slow RWA growth in the Asia-Pacific region - especially for projects seeking regulatory clarity.
🔑 Keypoints:
• Licensing paused until end-2025
• Focus: Compliance, risk control
• Potential drag on stablecoin & RWA innovation
💬 What’s your take? Will tighter controls help or hurt crypto growth in Asia?
👇 Drop your views in the comments.