Hong Kong embracing digital assets
Along with these changes, Hong Kong has rolled out strict rules for cryptocurrencies this year. The SAR of China wants to become a global hub of digital assets in the near future. The Hong Kong Monetary Authority (HKMA) told all stablecoin issuers, both local and international, that they had to get a license by August 1, 2025.
The rules say that issuers must keep 100 % of their reserves in cash or other liquid assets, have at least HK$25 million in capital, and follow strict anti‑money‑laundering (AML) rules. The goal of these steps is to make the digital asset market more stable and trustworthy.
These steps show that Hong Kong is working hard to make cryptocurrencies and stablecoins safe, innovative, and competitive, which strengthens its position as a major player in the global digital asset market.