Hong Kong Stablecoin Regime a ‘Double-Edged Sword’, Analysts Say

Hong Kong stablecoin regime a ‘double-edged sword’, analysts say

Hong Kong’s new stablecoin law sets a global standard but might initially sideline innovative start-ups while encouraging big local and mainland financial firms to participate in the cryptocurrency sector’s growth, industry experts said. The city rolled out one of the most stringent stablecoin regimes globally and kick-started the application process for potential issuers on Friday, part of a broader effort to be a leading digital asset hub conn…

HK stablecoin: Between crypto's decline and digital yuan's rise

On August 1, Hong Kong’s Stablecoin Ordinance officially came into force, marking the city as the first jurisdiction in Asia to roll out a comprehensive regulatory and licensing regime for stablecoins. The Hong Kong Monetary Authority (HKMA) announced that it expects to issue the first batch of stablecoin licenses by early 2027 and has already […] The post HK stablecoin: Between crypto’s decline and digital yuan’s rise appeared first on Asia Tim…

China Bans Crypto: Rumors Persist as Hong Kong Eyes a Yuan Stablecoin - Day News TV

Rumors about fresh crypto bans in China have once again ignited heated debate across online communities and financial circles. In August 2025, speculation surged that Chinese authorities might impose even stricter measures, potentially prohibiting all cryptocurrency trading and private holdings by next year. However, as of August 2025, no new bans have been officially confirmed by Chinese regulators, and the reality on the ground appears more co…

Hong Kong’s stablecoin law goes into force, paving the way for next-gen financial systems

As global crypto frameworks continue to take shape, Hong Kong may serve as a model for jurisdictions that want to attract business and investment.

HK Fintechs Raise Over HK$11.7B as Stablecoin License Framework Takes Effect - Fintech Hong Kong

Fintech firms in Hong Kong are scrambling to raise equity to support expansion into cryptocurrencies, as the city began accepting applications for stablecoin issuer licenses on August 1. According to Reuters, at least 10 companies listed in Hong Kong raised over US$1.5 billion through share placements in July, with proceeds earmarked for stablecoins, digital assets, and blockchain-based payment solutions. These firms include digital asset platfo…