Any issuer of stablecoins linked to the dollar or the Hong Kong dollar must be licensed by the HKMA and comply with AML/KYC standards, audited reserves, and clear redemption mechanisms.

Avoid risks by using only licensed issuers.

#criptomonedas #HongKong #Stablecoins 🔐

Hong Kong published the Stablecoins Ordinance in its official Gazette, which will come into effect on August 1, 2025. The Hong Kong Monetary Authority (HKMA) has completed the regulatory guidelines and warnings regarding unauthorized issuance. The first licenses could be issued in early 2026, following a rigorous assessment of the applicants.