As the rise of digital assets continues, Hong Kong advances stablecoin regulation.

Key Points:

Chen Maobo announced stablecoin regulations and digital asset trading data.

Significantly impact the trading volume of digital currencies.

Hong Kong will strengthen its leadership position in the cryptocurrency market.

With the new stablecoin regulations coming into effect on August 1, 2025, the financial landscape in Hong Kong will change. Financial Secretary Paul Chan revealed that digital assets have driven a significant volume of transactions for local banks, totaling HK$17.2 billion last year.

The regulation introduces a licensing system for stablecoin activities, aiming to attract global issuers and enhance market liquidity.

The regulatory framework for stablecoins in Hong Kong will come into effect in 2025.

The Secretary for Financial Services and the Treasury, Chan Mo-po, announced that Hong Kong's new stablecoin regulatory framework will take effect on August 1, 2025. Last year, the trading volume of digital assets in Hong Kong banks exceeded HKD 17.2 billion. In his article titled "Accelerating Development, Seeking Stability in Progress," Chan emphasized that this move aims to boost financial institutions.

With the introduction of this regulation, stablecoin issuers can anchor to multiple fiat currencies, not just the Hong Kong dollar. This flexibility is expected to increase liquidity and enhance Hong Kong's appeal as a financial center. The regulation provides a structured environment that paves the way for sustainable growth.

The Financial Secretary of Hong Kong, Paul Chan, emphasized the potential for the development of digital assets, stating: "Accelerate progress, achieve stability while advancing," highlighting the catalytic role of digital asset development for local financial institutions.

Hong Kong's strategic positioning in digital finance

Did you know? Hong Kong has always been a leader in digital asset innovation, setting a global precedent since 2020 with its comprehensive virtual asset trading platform license.

Bitcoin (BTC) remains an important player in the Hong Kong cryptocurrency market. According to CoinMarketCap, its price is $105,894.24. BTC's market capitalization is $2.10 trillion, accounting for 63.74% of the market share. Its 24-hour trading volume is $38.2 billion, an increase of 10.86% year-on-year, indicating strong market interest and trading activity.

Bitcoin (BTC), daily chart, CoinMarketCap screenshot, UTC time June 16, 2025 02:14. Source: CoinMarketCap

The Coincu research team stated that Hong Kong's strategic positioning in the digital finance sector creates opportunities for innovation while ensuring market reliability. Analysts emphasize that Hong Kong's balanced regulatory framework can serve as a reference for other regions seeking effective regulation of digital asset markets.

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