The Hong Kong Monetary Authority issues guidelines for regulating issuers of stablecoins. Published on August 1st.

According to the Wisdom Financial APP, on July 29, the Hong Kong Monetary Authority (HKMA) issued the supplementary implementation guidelines for the regulatory regime for stablecoin issuers that will take effect from August 1, 2025, including the "Regulatory Guidelines for Licensed Stablecoin Issuers" and the "Guidelines for Combating Money Laundering and Terrorist Financing (Applicable to Licensed Stablecoin Issuers)", as well as a summary of the consultation on the two guidelines. The two sets of guidelines will be promulgated on August 1, 2025. With the official implementation of the regulatory regime, market participants are required to comply with the "Stablecoin Ordinance" and related guidelines.