Hong Kong's Stablecoin Ordinance, effective August 1, marks a significant step in digital asset regulation.
Hong Kong's Strategic Move in Stablecoin Regulation
Hong Kong's Financial Secretary Paul Chan Mo-po announced that the new stablecoin ordinance, passed by the Legislative Council, will establish a regulated framework for fiat-referenced stablecoins. The aim is to create a new paradigm for the stablecoin market and drive innovation in the regional financial sector.
Reactions from Financial Leaders
Industry leaders' reactions highlight the significance of the ordinance. Paul Chan also indicated Hong Kong's plans to release a "second policy statement" integrating digital asset innovation with financial services, signaling continued regulatory support and expansion. Daniel Tse, Managing Director of Futu Securities International, stated, "Stablecoins are a promising avenue for growth and innovation in our brokerage industry. We've seen a surge in stablecoin-linked investments from our clients, and we envision new opportunities in trading tokenized assets."
Bitcoin Price Surge
As of June 15, 2025, Bitcoin's price stands at $105,296.38, with a market cap of $2.09 trillion and a circulating supply of 19,878,000 BTC. Bitcoin's price has increased by 25.47% and 26.05% over the past 60 and 90 days, respectively. Insights from the Coincu research team suggest Hong Kong's proactive stance could stimulate financial innovation and cross-border stablecoin transactions.
The introduction of the stablecoin ordinance in Hong Kong indicates the region's desire to lead in digital asset regulation, potentially influencing global financial trends.
