Outside Publication

Hong Kong’s Stablecoin Ordinance to Take Effect August 1, Global Relay Intelligence & Practice

July 04, 2025

Registered Foreign Lawyer Ning Zhang and partner Yan Zeng authored a Global Relay Intelligence & Practice article discussing Hong Kong’s new Stablecoin Ordinance, which establishes a licensing regime for fiat-referenced stablecoin and introduces requirements for issuers.

The authors outline the ordinance’s key provisions, such as licensing criteria, risk management, reverse asset requirements, and disclosure obligations.

Read the full Global Relay Intelligence & Practice article >>