Hong Kong’s Stablecoin Regime to Begin After US Sets Pace
BloombergWednesday, July 30, 2025 at 11:00:00 PM
Hong Kong is rolling out new regulations for stablecoin issuers starting this Friday, following the lead of U.S. efforts to oversee dollar-pegged cryptocurrencies. Asian regulators are tightening their grip on the sector, partly in reaction to former President Trump’s push to expand the use of these digital assets.
Editor’s Note: Stablecoins—crypto tokens tied to stable assets like the U.S. dollar—are getting more scrutiny worldwide. Hong Kong’s move signals a broader trend of governments trying to balance innovation with financial stability. If you’re into crypto, this could mean clearer rules (and maybe fewer surprises) for how these digital currencies operate in major markets.
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