HKMA’s Stablecoin Ordinance will come into effect on 1 August 2025.
Under the new rules, stablecoin issuers in the jurisdiction will be able to apply for licences.
Hong Kong skyline
The Hong Kong Monetary Authority (HKMA) has confirmed that it will implement the Stablecoin Ordinance on 1 August 2025. This law will allow fiat-pegged stablecoin issuers to apply for licences in the territory.
The confirmation followed the successful public listing of USDC issuer Circle in the United States. Its stock market debut demonstrated the potential for stablecoin adoption in traditional financial systems.
Hong Kong’s New Stablecoin Regulation
According to a report by the Fintech News Network, the Stablecoin Ordinance was passed by the city’s Legislative Council in May 2025. The framework is designed to strengthen the digital asset regulations of the jurisdiction.
It also gives legal recognition to stablecoins by formally defining them within the financial regulatory framework.
Eddie Yue, Chief Executive of the HKMA
“A stablecoin is not an investment vehicle, but rather a blockchain-based means of payment. By nature, it has no room for appreciation,” said Eddie Yue, Chief Executive of the HKMA.
The regulator is currently conducting an industry consultation on the implementation guidelines. It will begin accepting licence applications once the Ordinance comes into force. Yue confirmed that “only a handful of licences will be granted initially.”
“Applicants must demonstrate viable use cases and the ability to operate in a prudent and sustainable manner, as well as command the trust of market participants,” he added.
The HKMA noted that its approach to stablecoin regulation is in line with international standards. Its key focus is risk management—particularly in the areas of reserve asset protection, price stability, redemption processes, and anti-money laundering.
Companies must show strong governance, the ability to maintain stable value, clear use cases, secure technology, and financial and operational strength.
The move is part of a broader push to expand the range of crypto-related services in the city, first outlined earlier this year. The SFC has already authorised crypto staking services and approved two platforms to offer them.
The Hong Kong Monetary Authority (HKMA) has confirmed that it will implement the Stablecoin Ordinance on 1 August 2025. This law will allow fiat-pegged stablecoin issuers to apply for licences in the territory.
The confirmation followed the successful public listing of USDC issuer Circle in the United States. Its stock market debut demonstrated the potential for stablecoin adoption in traditional financial systems.
Hong Kong’s New Stablecoin Regulation
According to a report by the Fintech News Network, the Stablecoin Ordinance was passed by the city’s Legislative Council in May 2025. The framework is designed to strengthen the digital asset regulations of the jurisdiction.
It also gives legal recognition to stablecoins by formally defining them within the financial regulatory framework.
Eddie Yue, Chief Executive of the HKMA
“A stablecoin is not an investment vehicle, but rather a blockchain-based means of payment. By nature, it has no room for appreciation,” said Eddie Yue, Chief Executive of the HKMA.
The regulator is currently conducting an industry consultation on the implementation guidelines. It will begin accepting licence applications once the Ordinance comes into force. Yue confirmed that “only a handful of licences will be granted initially.”
“Applicants must demonstrate viable use cases and the ability to operate in a prudent and sustainable manner, as well as command the trust of market participants,” he added.
The HKMA noted that its approach to stablecoin regulation is in line with international standards. Its key focus is risk management—particularly in the areas of reserve asset protection, price stability, redemption processes, and anti-money laundering.
Companies must show strong governance, the ability to maintain stable value, clear use cases, secure technology, and financial and operational strength.
The move is part of a broader push to expand the range of crypto-related services in the city, first outlined earlier this year. The SFC has already authorised crypto staking services and approved two platforms to offer them.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
