Hong Kong Embraces Stablecoin Compliance with New Regulations

Hong Kong has entered a new era of stablecoin compliance following the implementation of the 'Stablecoin Ordinance' on August 1, 2025. The ordinance has sparked significant interest in license applications and the exploration of use cases. Wu Jun, a professional in virtual asset compliance, reported to Jiemian News that there is a high demand for licenses, with dozens of companies expressing interest. Although formal applications are only being accepted from August, many mainland-based organizations have already engaged in preliminary discussions with the Hong Kong Monetary Authority. These organizations span various sectors, including internet, industry, and finance. In recent days, Wu Jun has been working late into the night to manage the influx of consultation requests.
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