• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 2026
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 2026
Crypto News

Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 2026

vitalclick
Last updated: July 29, 2025 1:51 pm
14 hours ago
Share
SHARE

Contents
Hong Kong Pushes Following Genius ActThe HKMA Warns Against Hype and Scams

The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, has finalized its regulatory framework for stablecoin issuers, publishing two sets of guidelines that will come into effect on August 1. While the framework is now in place, the HKMA is expected to issue the first batch of stablecoin licences in early 2026, and has called on potential issuers to submit their applications by the end of September.

Hong Kong Pushes Following Genius Act

On Tuesday, the HKMA released finalized guidelines and consultation conclusions outlining upcoming rules for stablecoin oversight. The documents cover supervision of licensed issuers, as well as AML and CTF requirements. As part of the new framework, Hong Kong will also launch a public registry of licensed stablecoin issuers.

“In the future, the public may refer to the register of licensed stablecoin issuers as shown on the HKMA’s website,” the regulator said.

At a media briefing, the Hong Kong Monetary Authority (HKMA) said the city’s stablecoin regulations will take effect this Friday, August 1. However, the first licences for stablecoin issuers are now expected to be granted in early 2026.

Many in the market had hoped the licences would be issued this year, but the HKMA’s comments suggest it’s taking a more cautious approach.

The regulator added, “Considering Hong Kong’s well-established systems, we do not expect to achieve large-scale (stablecoin adoption) immediately in the early stages. Instead, we aim to progress step by step, gradually driving the digital transformation of Hong Kong.”

The HKMA is encouraging anyone interested in applying for a stablecoin license to get in touch with the regulator by August 1. To be considered for the first round of approvals, applicants must also submit their full applications by September 30.

The HKMA Warns Against Hype and Scams

The HKMA made it clear that, as of now, no stablecoin licences have been granted, and cautioned the public against trusting individuals or companies claiming to be licensed or regulated in Hong Kong.

The new guidelines require stablecoin issuers to follow rules on managing reserves, issuing and redeeming coins, handling risks, and running their operations properly.

To prevent money laundering, licensed issuers must check customers’ identities, manage wallet risks, follow rules for tracking transfers, and keep an eye on transactions.

The HKMA also said it will carry out checks and investigations if the rules are broken and can take action against those who don’t comply. Authorities also advised skepticism toward those saying they are in the process of applying, stressing that anyone holding unlicensed stablecoins is doing so at their own risk.

The HKMA expressed concern over growing hype in the market. Chief Executive Eddie pointed to a surge in excitement around stablecoins that had triggered sharp increases in trading activity and stock prices, moves the regulator believes were largely unwarranted.

You Might Also Like

Pi Network Partners With Banxa and Onramper – Yet Pi Coin didn’t Surge!

Singapore to Jail Unlicensed Crypto Firms, Impose $200K Fine

VanEck Closing Its Futures ETH ETF: What You Need to Know

Starts: Crypto currency investors connect the belts

ETF Approval Could Suck Up Supply Like a “Vacuum” & Pump Price Higher

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Why Is CFX Coin Soaring Today?
Next Article CRO Price Eyes Breakout as Double Bottom and Golden Cross Align
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?