🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The Hong Kong Monetary Authority issues stablecoin regulatory guidelines to be implemented from August 2025.
[Chain News] PANews, July 29 - According to an official announcement, the Hong Kong Monetary Authority (HKMA) today released several guidelines and explanatory documents regarding the regulatory framework for stablecoin issuers that will take effect on August 1, 2025: the "Guidelines for Regulated Stablecoin Issuers" consultation summary, the "Guidelines for Combating Money Laundering and Terrorist Financing (Applicable to Regulated Stablecoin Issuers)" consultation summary, the "Summary of the Licensing System and Application Procedures for Stablecoin Issuers" related to the licensing system, and the "Summary of Transitional Provisions for Existing Stablecoin Issuers." The two sets of guidelines will be published in the government gazette on August 1, 2025. With the formal implementation of the regulatory framework, market participants should comply with the "Stablecoin Ordinance" and related guidelines.
The Hong Kong Monetary Authority encourages institutions intending to apply for a license to contact the Monetary Authority through the official email address by August 31, 2025, so that the Monetary Authority can communicate regulatory expectations and provide appropriate feedback. The licensing process will be ongoing, and if individual institutions believe they are adequately prepared and wish to be considered early, they should submit their applications to the Monetary Authority by September 30, 2025. The Hong Kong Monetary Authority reminds market participants to exercise caution during public communications to avoid making statements that may be misunderstood or create unrealistic expectations. Among these, making false claims of being a licensee or applicant is illegal under the Stablecoin Regulation.
As of today, the Hong Kong Monetary Authority has not issued any licenses. The public can refer to the licensed stablecoin issuers announced on the Monetary Authority's website in the future. The public should remain vigilant against any claims of stablecoin issuers that are regulated or licensed in Hong Kong, as well as those claiming to be applying for a license. If the public holds unlicensed stablecoins, they must bear the risks themselves.