Hong Kong implements comprehensive stablecoin licensing regime from 1 August

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Hong Kong implements comprehensive stablecoin licensing regime from 1 August

By Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) finalised guidelines for stablecoin issuer supervision and anti-money laundering compliance as the territory's new regulatory framework came into effect. Market participants interested in licensing must contact the HKMA by 31 August, with early applications encouraged by 30 September, though the authority warns that no licences have yet been issued.

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