Core Points - The Hong Kong Monetary Authority (HKMA) has officially released a series of regulatory documents regarding the licensing requirements for stablecoin issuers [1][3] - The documents include guidelines for licensed stablecoin issuers, anti-money laundering and counter-terrorist financing guidelines, a summary of the licensing system, and transitional provisions for existing stablecoin issuers [3][5] - The licensing requirements state that any entity issuing or promoting stablecoins in Hong Kong, or issuing stablecoins pegged to the Hong Kong dollar outside of Hong Kong, must apply for a relevant license [3][4] Licensing Requirements - Applicants must be registered corporations or recognized institutions in Hong Kong and must have a minimum paid-up capital of HKD 25 million [3][5] - The application process includes preliminary consultations, document submissions, and approval stages [3] Implementation Timeline - The two sets of guidelines will come into effect on August 1, 2025 [3] - A six-month transition period has been established for licensed institutions to complete compliance adjustments [5] - Institutions are encouraged to submit applications by September 30, 2025, and are advised to contact HKMA for specific requirements before August 31, 2025 [5]
香港金管局发布稳定币发行人监管制度 明确发牌要求与时间表
Huan Qiu Wang·2025-07-30 06:05