You_R_Eligible
@you-eligible
On May 21, 2025, the Legislative Council of the Hong Kong Special Administrative Region officially passed the Stablecoin Bill, which establishes a licensing regime for issuers of fiat-referenced stablecoins (“FRS”), further reinforcing Hong Kong’s position as a global hub for digital asset finance. Subsequently, on June 6, 2025, the Hong Kong government announced in the Gazette that the Stablecoin Bill will officially take effect on August 1, 2025.
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