🚨 JUST IN: 🇭🇰 Hong Kong crypto rules officially go live
Hong Kong’s Stablecoin Ordinance is now in force, with the HKMA actively processing license applications for fiat-backed stablecoin issuers.
KEY DETAILS:
• Law: Stablecoin Ordinance
• Status: Live / effective
• Regulator: HKMA $XRP
• Scope: Fiat-backed stablecoins
WHAT’S NEXT:
• Additional rules coming in 2026 for:
– Crypto trading platforms
– Custody services $SOL
– Advisory & intermediaries
• Cross-border crypto tax data sharing to begin in 2028 $SUI
WHY IT MATTERS:
• Positions Hong Kong as a regulated crypto hub, not a gray zone
• Opens the door for institutional-grade stablecoins
• Signals tighter compliance + transparency, especially cross-border
BOTTOM LINE:
Hong Kong Is Going Full Framework.
With Stablecoin Licensing Live, Crypto Moves From Pilot To Policy 🏦⚖️🔥