Hong Kong passes Stablecoins Bill in digital asset hub boost
The bill for fiat-referenced stablecoins is expected to come into effect later this year.
JaneWalter
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The bill for fiat-referenced stablecoins is expected to come into effect later this year.
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May 23, 2025
The Hong Kong government has welcomed the passage of the Stablecoins Bill by the Legislative Council on May 21 to establish a licensing regime for fiat-referenced stablecoins (FRS) issuers in the Special Administrative Region (SAR).
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