Our Partner Charles To and Trainee Solicitor Alison Choy have co-authored an article on Hong Kong’s latest leap forward in digital asset regulation. With the Stablecoins Ordinance (Cap. 656) set to take effect on 1 August 2025, the new regime introduces a licensing framework for issuers of fiat-referenced stablecoins (FRS), underscoring the city’s ambition to lead in the regulated digital asset space.

The article breaks down what stablecoins are, how they work, and why they matter not just for investors and issuers, but for the broader financial ecosystem. It also highlights the Stablecoins Ordinance’s core requirements and its significance for the future of fintech in Hong Kong. Whether you are a crypto-curious reader or a seasoned player in the virtual asset space, this piece offers valuable insights into what’s ahead.

Check it out and stay informed!