Hong Kong has implemented new regulations for licensing stablecoin issuers, marking a significant move to enhance its standing in the cryptocurrency sector. The regulations, which took effect on August 1, 2025, are part of the region's broader strategy to become a hub for cryptocurrency and Web3 technologies in Southeast Asia. Issuers must apply for a license with the Hong Kong Monetary Authority (HKMA) over a three-month application period. Companies that apply after the start date will continue operations until their applications are processed, with a deadline set for January 31.
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