<ul data-eligibleForWebStory="false"><li>The Hong Kong Legislative Council passed the Stablecoin Ordinance, set to take effect on August 1, 2025, with the Hong Kong Monetary Authority (HKMA) now accepting stablecoin license applications.</li><li>Over 40 multinational companies have applied or intend to apply for the HKMA stablecoin license, including JD CoinChain, Standard Chartered, Ant International, and Circle Innovation.</li><li>The HKMA is open for stablecoin license applications starting August 1, aiming to regulate fiat-referenced stablecoins and enhance digital asset activities in Hong Kong.</li><li>To uplift standards in the digital asset market, the HKMA has set requirements for license applicants including capital, physical office incorporation in Hong Kong, risk management, transparency, and security compliance.</li></ul>

Multiple International Companies Apply for Hong Kong’s Stablecoin Licensing

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