News & Analysis as of

Cryptocurrency Hong Kong Stablecoins

Latham & Watkins LLP

A Giant LEAP Forward: Hong Kong Consults on Crypto Dealing and Custody

Latham & Watkins LLP on

Government plans to supercharge the digital assets industry, with crypto dealing and custody regimes the icing on the cake for a holistic regulatory framework....more

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 71 – Crypto Fault Lines: Stablecoins, Meme Coins & the Fight for Clarity PLUS: Sanctions, Shell...

As our guests flesh out, several common threads emerge linking the two segments of today’s episode. The first is that of regulatory fragmentation across jurisdictions such as the US, mainland China, Hong Kong, and the EU. ...more

Morgan Lewis

Hong Kong’s Stablecoins Ordinance to Take Effect August 1: An Overview of the Regulatory Framework

Morgan Lewis on

On June 6, 2025, the government of Hong Kong published in the Gazette a notice to appoint August 1, 2025 as the effective date for the Stablecoins Ordinance (Cap. 656) following passage of the Stablecoins Bill on May 21,...more

BCLP

Hong Kong Stablecoins Bill passed by LegCo

BCLP on

Stablecoins are cryptocurrencies with values tied to fiat currencies or other assets, and are often said to be “pegged to” a single or a basket of fiat currents and/or other assets....more

Seyfarth Shaw LLP

Recent Passing of Hong Kong Stablecoins Bill

Seyfarth Shaw LLP on

On May 21, 2025, Hong Kong’s Legislative Council passed the Stablecoins Bill, establishing a regulatory framework for stablecoins–cryptocurrencies whose value is tied to an external asset or commodity. This marks an important...more

Hogan Lovells

Hong Kong’s New Stablecoins Bill

Hogan Lovells on

The Bill regulates “Specified Stablecoins” which is defined as cryptographically secured digital representations of value which, among other things, purport to maintain a stable value with reference wholly to one or more fiat...more

BakerHostetler

Weekly Blockchain Blog - July 2024 #3

BakerHostetler on

Stablecoin Demand Increases with Initiatives Announced in Germany, Hong Kong - Recent reports highlight an increasing demand for stablecoins. According to one report, the market cap of the PYUSD stablecoin recently...more

A&O Shearman

Investigations update: Hong Kong authorities ramp up enforcement in virtual assets and other sectors

A&O Shearman on

Hong Kong has seen cryptocurrencies grow in popularity, highlighting the need for appropriate licensing regimes (implemented in the form of virtual asset service providers (VASPs)), bolstered by active enforcement actions. ...more

Latham & Watkins LLP

Hong Kong Consults on Proposed Approach to Stablecoin Legislation

Latham & Watkins LLP on

The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public. On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and...more

Skadden, Arps, Slate, Meagher & Flom LLP

JPEX Is Test Case for Hong Kong’s New Regulatory Regime for Virtual Asset Exchanges

Hong Kong regulators recently brought criminal enforcement actions against virtual asset trading platform JPEX and individuals associated with the platform. This case has become the first opportunity for local authorities to...more

Hogan Lovells

A new licensing regime for stablecoins in Hong Kong

Hogan Lovells on

In January 2022, the Hong Kong Monetary Authority issued a Discussion Paper on Crypto-assets and Stablecoins, inviting industry comments on the regulatory approach of crypto-assets, in particular payment-related stablecoins....more

BakerHostetler

White House Issues Statement on Crypto; Bitcoin ETF Rejected; OFAC Sanctions Public Keys; Regulators Address Digital Assets;...

BakerHostetler on

White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract - The White House issued a statement last week briefly outlining the Biden administration’s road map to mitigate the risks of cryptocurrencies,...more

Latham & Watkins LLP

Hong Kong Monetary Authority Consults on Stablecoin Regulation

Latham & Watkins LLP on

The HKMA’s discussion paper seeks feedback on its proposed regulatory approach to stablecoins, with responses due by 31 March 2022. On 12 January 2022, the Hong Kong Monetary Authority (HKMA), Hong Kong’s principal...more

Hogan Lovells

Hong Kong Monetary authority to regulate stablecoins

Hogan Lovells on

The Hong Kong Monetary Authority has issued a Discussion Paper on Crypto-assets and Stablecoins in January 2022.  The Discussion Paper includes guiding principles of a contemplated regulatory regime for payment-related...more

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