Key Highlights

• Hong Kong’s Legislative Council passed a bill establishing a licensing regime for fiat-pegged stablecoin issuers.
• The regulation is expected to come into effect within a year, with a transitional period for industry adjustment.
• Issuers must meet requirements around reserve asset management, redemption mechanisms, anti-money laundering, risk management, disclosure, and audit readiness. Advertisements for licensed stablecoins will be the only ones allowed to target retail investors.

Recruiter’s Conclusion

This creates a predictable regulatory environment—an important signal for fintech firms and talent in blockchain, compliance, and digital asset operations.

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📌 Source: HK01 (May 21, 2025)
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