The Hong Kong Stablecoin Ordinance will come into effect on August 1, 2025

ChainCatcher news, the Hong Kong Special Administrative Region Government today (June 6) published the "Announcement on the Effective Date of the Stablecoin Ordinance" in the Gazette, designating August 1, 2025, as the date for the implementation of the "Stablecoin Ordinance" (Chapter 656) (the "Ordinance").

The Secretary for Financial Services and the Treasury, Christopher Hui, stated: "After the Ordinance comes into effect, the licensing system will provide appropriate regulations for relevant stablecoin activities, marking a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem."