Hong Kong stablecoin new regulations: Only licensed institutions can sell fiat stablecoins, and active promotion also requires a license.

BlockchainArch · 2025-06-08T23:23:56+00:00

According to a report by Jinse Finance, as disclosed 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 aforementioned scenarios, there is another scenario 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 also need to apply for a license.

BlockchainArch

2025-06-08 23:23:56

According to the National Business Daily, the Hong Kong Stablecoin Ordinance only allows designated licensed institutions to sell fiat currency stablecoins in Hong Kong, and only fiat currency stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above, there is another “active promotion” situation, i.e. even if you are not directly engaged in regulated stablecoin activities, you will also need to apply for a licence if you actively advertise to the public that such activities are or appear to be being carried out in Hong Kong or elsewhere.

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