The Hong Kong Monetary Authority is about to announce the regulatory details for a Stablecoin License.

By: theblockbeats.news|2025/07/29 04:01:56

BlockBeats News, July 29th, the implementation of the Hong Kong "Stablecoin Regulation" is approaching. Multiple institutions have confirmed to reporters that the Hong Kong Monetary Authority (HKMA) will hold a technical briefing on the stablecoin issuer regulatory regime at 4:30 pm today. It is reported that the technical briefing will be hosted by senior HKMA teams, including Vice President Eddie Cheng, Assistant Vice President (Regulatory Compliance and Anti-Money Laundering) Chan King Weng, Assistant Vice President (Monetary Management) Ho Hon Kit, and Director of Digital Finance Ho Wang Che. The HKMA had previously stated that it would release a stablecoin-specific implementation guidance this month, clarifying core regulatory details such as anti-money laundering and customer identification. The regulator has also reminded the market to adopt a rational attitude and avoid excessive speculation. The number of initial stablecoin issuer licenses will be strictly limited to single digits and is planned to be issued by the end of the year. (Finance Infoday)

You may also like

News thumbnail

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18
WEEX 2025 Global Offline Events Hub

WEEX 2025 Global Offline Events Hub

From the vibrant streets of Hong Kong to the sunlit shores of Lisbon, 2025 marks a defining year for WEEX on the global stage.

WEEX|2025/08/12 11:59:13
WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential

WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential

In 2025, WEEX lit up Latin America with its debut at BlockchainRIO as Platinum Sponsor. With bold vision and unstoppable momentum, the rising exchange made waves across the region’s crypto scene.

WEEX|2025/08/13 09:30:52
News thumbnail

Judge Denies Logan Paul’s Attempt to Blame Co-Founders in CryptoZoo NFT Debacle

Imagine diving into a promising crypto venture, only to watch it crumble amid accusations of fraud and broken…

crypto insight|2025/08/12 07:20:28
News thumbnail

CZ Amplifies Rumors Tying Coinbase to Bloomberg’s Explosive Trump Stablecoin Report

Imagine the crypto world as a high-stakes chess game, where every move by giants like Binance and Coinbase…

crypto insight|2025/08/10 16:10:15
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]