Posted: May 23, 2025
Hong Kong passes stablecoin bill amid global competition
Hong Kong has officially passed a new stablecoin bill, establishing a licensing regime for stablecoin issuers. The bill, approved on 21 May and focused on fiat-referenced stablecoins, will require stablecoin users to obtain a licence from the Hong Kong Monetary Authority. Additionally, they will need to comply with a range…
