The Hong Kong Monetary Authority announced today that the highly anticipated "Stablecoin Regulation" has officially come into effect. This marks a key step for Hong Kong in the regulation of Digital Money. According to the latest announced timeline, the Monetary Authority will accept the first round of stablecoin issuer license applications from August 1 to September 30, 2025.

Several well-known companies have expressed their intention to apply, including JD.com, Standard Chartered Bank, Hong Kong Telecom, Anping Group, and Yuan Coin. The participation of these companies demonstrates the strong interest in the Hong Kong stablecoin ecosystem.

The Monetary Authority emphasized that the approval standards for stablecoin issuer licenses will be very strict. It is reported that the first license is expected to be issued early next year. This cautious attitude reflects the regulators' focus on the stablecoin market and their determination to maintain financial stability.

Although the specific licensing threshold has not been disclosed, it is widely expected in the industry that applicants will need to meet high standards in terms of capital strength, risk management, and technological infrastructure. This initiative aims to ensure the safety and reliability of stablecoins while promoting Hong Kong as a global leading digital finance center.

With the implementation of the "stablecoin regulation", Hong Kong's position in the global cryptocurrency regulatory landscape will be further enhanced. This not only provides more protection for investors but also creates a favorable environment for the healthy development of the stablecoin industry. In the future, we may see more innovative financial products and services emerging in Hong Kong, further consolidating its status as an international financial center.