
Hong Kong to Roll Out Stablecoin Law, Expand Web3 Regulations in 2025
Hong Kong will pass stablecoin legislation and introduce related licenses within the year. New rules will cover OTC virtual asset trading and custodial services. Hong Kong will soon pass stablecoin legislation and establish licensing rules for over-the-counter (OTC) transactions and digital asset custody services. Financial Secretary Paul Chan announced the plans during the Hong Kong…