News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
HK Stablecoins Ordinance to be Effective on Aug 1
The HK Government published in the Gazette today (6th) the Stablecoins Ordinance (Commencement) Notice to appoint August 1, 2025, as the commencement date for the Stablecoins Ordin...
Reset
Send
The window will close in 5 seconds
HK Stablecoins Ordinance to be Effective on Aug 1
Close
Recommend
33
Positive
33
Negative
41
 
SHORT SELL
 
STOCK INFO

The HK Government published in the Gazette today (6th) the Stablecoins Ordinance (Commencement) Notice to appoint August 1, 2025, as the commencement date for the Stablecoins Ordinance (Cap. 656) (the Ordinance) to come into operation.

Secretary for Financial Services and the Treasury, Christopher Hui, said that, after the Ordinance commences operation, the licensing regime will provide suitable guardrails for relevant stablecoin activities. It will be a milestone in facilitating the sustainable development of the stablecoin and digital asset ecosystem in Hong Kong.

The Hong Kong Monetary Authority (HKMA) in mid-July 2024 released a list of participants in its stablecoin issuer "sandbox", including JINGDONG Coinlink Technology Hong Kong, RD InnoTech, Standard Chartered Bank (Hong Kong), and Hong Kong Telecommunications (HKT).

Related NewsJPM: NEW WORLD DEV (00017.HK) Interest Payment Delay Negatively Impacts HK CRE Mkt; HK Banks' Earnings Risk May Intensify This Yr

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.