Lawyer Yu Peiheng, a member of the Guangdong-Hong Kong-Macao Greater Bay Area Lawyers Advisory Group of the Hong Kong Department of Justice, revealed at the "Phoenix Bay Area Financial Forum 2025" that the Hong Kong Monetary Authority's stablecoin regulatory framework has attracted consultation from no less than 77 institutions, but there are many rumors in the market that the first batch of stablecoin licenses will be issued. The final results are expected to become clearer around October or November.
He stressed that the greater challenge lies in the harmonization of global regulatory standards. Hong Kong, the United States, and Europe each have a set of regulatory rules, but stablecoins are destined to be cross-regional, and a globally accepted regulatory framework must be established to achieve true and safe cross-chain circulation of stablecoins. (ifeng.com)
Lawyer Yu Peiheng: The first batch of stablecoin licenses in Hong Kong will be very small, and the global regulatory framework needs to be cleared up urgently
2025-09-25 10:53:15
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