Hong Kong Government: Stablecoin Ordinance will take effect on August 1, 2025

Odaily News The Hong Kong SAR Government published the Stablecoin Ordinance (Effective Date) Notice in the Gazette today, designating August 1, 2025 as the date on which the Stablecoin Ordinance (Cap. 656) (the Ordinance) will come into operation. The Secretary for Financial Services and the Treasury, Mr. Christopher Hui, said: "After the Ordinance comes into effect, the licensing regime will provide appropriate regulations for relevant stablecoin activities, which is a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem."