Stablecoin Issuers in Hong Kong Must Get HKMA Approval Under New Law

Quick Summary:

Hong Kong has officially passed the Stablecoins Bill, marking a significant step forward in the regulation of digital assets.

The government aims to align these measures with global best practices and promote a healthy ecosystem.

For the new law, licensed issuers must comply with strict compliance and risk management standards.

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Article Details

Author / Journalist: Harshini Chakka

Category: Crypto

Markets: United Arab EmiratesHong KongSouth Korea

Topics: Crypto Regulations Market News Market Updates Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 13:19:25 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 318 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28891832

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #125

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