Hong Kong’s Stablecoin Bill Passed to Strengthen Virtual Asset Regulations

Quick Summary:

Under this legislation, issuers of virtual asset (VA) products will be required to apply for licenses to help tighten regulations in Hong Kong.

The Legislative Council of Hong Kong has enacted the Stablecoins Bill, which will govern fiat-referenced stablecoins (FRS).

The bill aims to boost financial stability and encourage new ideas in the virtual asset […]

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Article Details

Author / Journalist: Lisa walter

Category: Crypto

Markets: IndiaHong Kong

Topics: Top Crypto News News Stablecoin Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 20:00:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 145 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 28902925

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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