Day: June 7, 2025
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Hong Kong Makes Its Move: Stablecoin Ordinance to Take Effect on August 1, 2025
On June 6, the Hong Kong SAR Government officially announced that the Stablecoin Issuance and Governance Ordinance (Cap. 656) will come into effect on August 1, 2025, establishing a clear licensing framework for stablecoin-related activities.