Hong Kong Enacts Stablecoin Ordinance, Launches High-Threshold Licensing Regime

Hong Kong is implementing a stringent new licensing regime for stablecoin issuers, a move designed to cement the city’s status as a regulated hub for digital assets. Under the new Stablecoin Ordinance, however, there’s a key requirement: stablecoins must be anchored to the city’s legal tender. The regulation aligns with a global push to bring […] The post Hong Kong Enacts Stablecoin Ordinance, Launches High-Threshold Licensing Regime appeared first on Coin Edition.