The Market Has Become 'Overly Excited' for Stablecoins, Hong Kong Financial Regulator Says

Hong Kong to implement stablecoin ordinance in sustainable manner: HKMA chief

HONG KONG, July 23 (Xinhua) -- Chief Executive of the Hong Kong Monetary Authority (HKMA) Eddie Yue said in a statement on Wednesday that it is important to implement the Stablecoins Ordinance in a robust and sustainable manner. Read full story

Stablecoin $2 Trillion Forecast Is ‘Optimistic,’ JPMorgan Says

The eye-catching $2 trillion projection for the potential growth of the stablecoin market that was often cited during the recent push to approve US regulation of the crypto market for the first time is “a little bit optimistic,” according to JPMorgan Chase & Co.

The Market Has Become 'Overly Excited' for Stablecoins, Hong Kong Financial Regulator Says

Companies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong Monetary Authority (HKMA) CEO Eddie Yue, wrote in a blog post on the central bank's website.Some companies that don't have a business that is related to stablecoins — tokens whose value is pegged to other assets such as fiat currencies — or digital assets have announced their intention to develop a…

2 held in Hong Kong over laundering HK$1.15 billion in case involving stablecoin

Men accused of using transactions and cash-smuggling operations to launder funds.

Hong Kong Customs Uncovers HK$1.15B Virtual Asset Money Laundering Scheme - Fintech Hong Kong

Hong Kong Customs has uncovered a suspected money laundering operation involving cash smuggling and virtual assets totalling approximately HK$1.15 billion. The operation has led to the arrest of two individuals, one local and one non-local. According to Dimsum Daily, Customs officers launched a financial investigation targeting a 37-year-old local man and a 50-year-old non-local man. Intelligence revealed that the pair had moved large sums of ca…

Hong Kong - The Future Of Stablecoins In HK – Basil Hwang’s Feature On ALB. - Conventus Law

Our Managing Partner, Basil Hwang, was featured in Asian Legal Business‘ article, “Can the new Stablecoins Bill crown Hong Kong as Asia’s virtual assets hub?” published in ALB Asia’s July 2025 e-magazine.  Basil shared his expertise on Hong Kong’s groundbreaking Stablecoins Ordinance, highlighting its potential to position the city as Asia’s virtual assets hub. He delved into the robust investor protections, stringent licensing requirements, and…