The post Hong Kong’s New Stablecoin Law Takes Effect appeared first on Coinpedia Fintech News Hong Kong has officially put its Stablecoin Ordinance into effect,The post Hong Kong’s New Stablecoin Law Takes Effect appeared first on Coinpedia Fintech News Hong Kong has officially put its Stablecoin Ordinance into effect,
Hong Kong’s New Stablecoin Law Takes Effect
The post Hong Kong’s New Stablecoin Law Takes Effect appeared first on Coinpedia Fintech News
Hong Kong has officially put its Stablecoin Ordinance into effect, requiring issuers of fiat-backed stablecoins to get a license from the Hong Kong Monetary Authority. The rules include strong compliance, reserve, and risk management standards to protect investors and ensure stability. This year, the government will also submit a full framework for crypto trading, custody, advisory, and management services to the Legislative Council. Cross-border tax reporting is expected to start in 2028, strengthening oversight and aligning with global standards.
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