Hong Kong passes Stablecoins Bill in digital asset hub boost

The bill for fiat-referenced stablecoins is expected to come into effect at the beginning of August.
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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