New regulations for Hong Kong stablecoins: Sales and active promotion of fiat stablecoins require a license application.

BlockchainArch · 2025-06-08T20:23:30+00:00

According to a report by Golden Finance and disclosed by the Daily Economic News, the Hong Kong stablecoin regulation only allows designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the aforementioned circumstances, there is another situation of "active promotion," which means that even if one is not directly engaged in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, they are also required to apply for a license.

BlockchainArch

2025-06-08 20:23:30

According to Jinse Finance, as reported by the Daily Economic News, the Hong Kong stablecoin regulations only allow designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above situations, there is another “active promotion” scenario, which means that even if one does not directly engage in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, they must also apply for a license.

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