Hong Kong’s Stablecoin Regulation: Impact on Crypto Markets and OTC Shops
Hong Kong is set to introduce its Stablecoins Ordinance by August 2025, requiring stablecoin issuers to obtain licenses. This move may create hurdles for OTC (Over-the-Counter) crypto shops that might not be able to comply. So, what’s the deal with this new regulation and how is it going to change the game for crypto in Asia?
New Stablecoin Regulation on the Block
The Stablecoins Ordinance will take effect on August 1, 2025. It mandates that any stablecoin issuer or service provider in Hong Kong needs a license from the Hong Kong Monetary Authority (HKMA). The aim? To boost market integrity and consumer protection, while also promoting innovation in cryptocurrency payments. With this, Hong Kong aims to solidify its place as a major…
