Hong Kong to Launch Stablecoin Licensing Regime on August 1, 2025

The Hong Kong Monetary Authority (HKMA) has officially released documentation outlining its upcoming stablecoin issuer licensing framework, which is set to take effect on August 1, 2025.

The new regime includes regulatory compliance rules, anti-money laundering (AML) guidelines, licensing procedures, and transitional arrangements for entities already operating in the digital asset space.

As part of its phased implementation approach, the HKMA is encouraging potential applicants to initiate contact by August 31, with a recommendation to submit full applications by September 30 for priority review and early consideration.

The move signals Hong Kong’s growing commitment to formalize oversight of stablecoins, aiming to balance innovation with financial system stability and consumer protection.

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The new framework is expected to have a major impact on Asia’s digital finance sector. By offering legal clarity and regulatory standards, Hong Kong could attract more stablecoin issuers and fintech companies seeking a compliant operating base in the region. It may also set a precedent for other jurisdictions in Asia, reinforcing the city’s ambitions to become a leading hub for regulated crypto innovation.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.