Hong Kong Monetary Authority issues a statement: No licenses have been issued to date, and the first batch of names will be announced early next year.

On August 1, 2025, at midnight, the Hong Kong "Stablecoin Regulation" will officially come into effect, marking the implementation of the world's first comprehensive regulatory framework for fiat-backed stablecoins.

This financial regulatory reform that has been brewing for years not only reshapes the virtual asset ecosystem in Hong Kong but also sets a new benchmark for global digital financial regulation.

In the last 72-hour countdown phase prior to this, the Hong Kong Monetary Authority issued four key documents on July 29, laying the groundwork for the implementation of this institutional reform:

According to the announcement issued by the Monetary Authority regarding the "Implementation of the Regulatory Framework for Stablecoin Issuers"

The four documents constitute the core pillars of the regulatory framework —

The "Regulatory Guidelines for Licensed Stablecoin Issuers" integrates feedback from 28 industry sources to build a strong wall for capital and reserve management;

The guidelines for combating money laundering and terrorist financing, revised based on 38 opinions, include non-custodial wallets within the regulatory scope;

Summary of the Licensing System for Stablecoin Issuers outlines the application process.

The "Summary of Transitional Provisions for Existing Stablecoin Issuers" lights up the compliance green light for existing players.

The Monetary Authority has emphasized multiple times in the announcement that no licenses have been issued as of today.

#稳定币 # Hong Kong #WEB3 # RWA