Hong Kong to Criminalize Unlicensed Stablecoin Promotions From Aug. 1

HKMA warns it only plans a few stablecoin licenses plus stringent AML rules - Ledger Insights - blockchain for enterprise

Hong Kong passed its stablecoin legislation in May. The legislation comes into force next week on 1 August. On the back of the launch there’s been a flurry of firms announcing stablecoin plans, causing spikes in stock prices and crypto tokens. Several scams have also surfaced, with the new legislation imposing hefty fines on unlicensed […] The post HKMA warns it only plans a few stablecoin licenses plus stringent AML rules appeared first on Ledg…

Hong Kong to Ban Unlicensed Stablecoin Promotions

Hong Kong to Ban Unlicensed Stablecoin Promotions Hong Kong will impose strict penalties, including fines and jail time, for promoting unlicensed stablecoins.

Hong Kong hoses down stablecoin frenzy, Pokemon on Solana: Asia Express

The post Hong Kong hoses down stablecoin frenzy, Pokemon on Solana: Asia Express appeared first on Daily Truth Report • DailyTruthReport.com.

New Law In Hong Kong Targets Promotion Of Unlicensed Stablecoins » News.ng

From August 1, 2025, it will become illegal to advertise or offer fiat-backed stablecoins to the public in Hong Kong unless the issuer has a proper license. This move comes under the new Stablecoin Ordinance introduced by the Hong Kong Monetary Authority (HKMA) to tighten oversight of the digital asset space. Retail-facing ads or promotions involving unlicensed stablecoins could lead to penalties of up to HK$50,000 (approximately $6,300) and a p…

Hong Kong Bans Unapproved Stablecoin Promos

Companies in Hong Kong will no longer be allowed to promote or offer fiat-backed stablecoins to the public starting August 1 unless they have a license from the city’s financial regulator.

Hong Kong to criminalize unlicensed stablecoin promotions from Aug. 1 - WorldNL Magazine

Hong Kong will start enforcing its Stablecoin Ordinance on Aug. 1, making it illegal to offer or promote unlicensed fiat-referenced stablecoins (FRS) to retail investors. The new law introduces criminal penalties of up to a level five fine of 50,000 Hong Kong dollars (about $6,300) and a maximum sentence of six months imprisonment. The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, issued a public warning …