<ul data-eligibleForWebStory="true"><li>The Hong Kong Monetary Authority (HKMA) is set to implement the Stablecoin Ordinance on August 1, 2025, allowing fiat-pegged stablecoin issuers to apply for licences in the region.</li><li>The ordinance aims to strengthen digital asset regulations and provide legal recognition to stablecoins within the financial regulatory framework.</li><li>HKMA is conducting an industry consultation on implementation guidelines and will accept licence applications post implementation, with only a few licenses to be granted initially.</li><li>In addition to stablecoins, Hong Kong regulators are also considering crypto derivatives trading for professional investors, part of a broader effort to expand crypto-related services in the city.</li></ul>

Amid Circle’s IPO Success in the US, Hong Kong Gears Up with Stablecoin Regulation

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