<ul><li>All stablecoin issuers in Hong Kong must obtain licenses from the HKMA under the new Stablecoins Bill.</li><li>License requirements include adhering to strict AML and reserve compliance measures, maintaining adequate reserves, and segregating client assets from company funds.</li><li>Licensed firms are the only ones allowed to advertise stablecoins to prevent misleading promotions and scams.</li><li>The regulation aims to align with global best practices, promoting a healthy ecosystem for digital assets while addressing the increasing crypto adoption in Hong Kong.</li></ul>

Stablecoin Issuers in Hong Kong Must Get HKMA Approval Under New Law

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