TechFlow news, June 24 — According to Hong Kong News Network, the Hong Kong Monetary Authority (HKMA) is conducting market consultations on specific guidelines for implementing the Stablecoin Ordinance. The ordinance was passed by the Legislative Council this May and will take effect on August 1. From that date, the HKMA will begin accepting license applications from stablecoin issuers.
The ordinance follows the principle of "same activity, same risk, same regulation," aiming to safeguard monetary and financial stability while improving Hong Kong's digital asset regulatory framework. Hong Kong is among the first jurisdictions globally to establish a regulatory regime for stablecoin issuers, with standards aligned with international requirements and tailored to local conditions.
