香港财库局:预计明年初发放部分稳定币牌照 优先考虑反洗钱措施
Zhi Tong Cai Jing·2025-12-19 12:06

Core Insights - The People's Bank of China has raised concerns about the risks of stablecoins being used for illegal activities, prompting market speculation on the impact this may have on Hong Kong's stablecoin initiatives [1] - The Hong Kong Financial Secretary, Paul Chan, announced that as of the end of September, 36 applications for stablecoin licenses have been received from various sectors, with plans to issue some licenses early next year, prioritizing robust reserve management, price stability, and anti-money laundering measures [1] - The Hong Kong government aims to create a clear compliance pathway to protect investors and reduce ambiguities that could lead to trading conflicts, thereby addressing potential disputes [1] Regulatory Developments - The licensing framework for virtual asset trading and custody service providers is being developed in collaboration with the Hong Kong Securities and Futures Commission, with plans to submit the regulatory framework to the Legislative Council next year [1] - The regulatory framework will cover key aspects of the virtual asset industry, striving to balance risk management and innovation [1] - The Hong Kong government is meticulously crafting policies to align with Web 3.0 and digital asset standards, ensuring investor protection, regulatory clarity, and international alignment to foster an environment that promotes innovation without compromising stability [1] Stablecoin Regulations - The Hong Kong Stablecoin Ordinance came into effect in August this year, with the Hong Kong Monetary Authority stating in October that it would review application materials and approve them according to the Stablecoin Ordinance and related regulatory requirements [2] - The initial phase of the licensing process has high entry barriers, with only a limited number of licenses expected to be issued [2]