Hong Kong Monetary Authority Lists Details of Stablecoin Regulatory Regime and Announces Register of Licensed Stablecoin Issuers

On July 31, the Hong Kong Monetary Authority's official website updated information stating that with the implementation of the stablecoin issuer regulatory regime under the "Stablecoin Ordinance" on August 1, 2025, the business of issuing fiat currency stablecoins will become a regulated activity requiring a license. Therefore, it lists relevant details of the regulatory regime, including: the stablecoin issuer licensing system, the supervision of licensed stablecoin issuers, and the register of licensed stablecoin issuers. It is reported that the register of licensed stablecoin issuers contains the names and basic information of licensed stablecoin issuers, and the public can obtain the latest list of licensed institutions through the register. Currently, there are no licensed stablecoin issuers, and the relevant list will be updated in due course. [Techflow]