Hong Kong's Stablecoin Regulation is now in effect, enabling institutions like Standard Chartered to apply for issuance licenses, with high standards for approval.
As of August 1, Hong Kong's Stablecoin Regulation is officially in effect, allowing institutions to apply for stablecoin issuance licenses. The Hong Kong Monetary Authority has moved to a formal regulatory framework, with companies like Standard Chartered planning to apply. License applications will be accepted from August 1 to September 30, 2025, with high approval standards and the first license expected early next year.