Hong Kong freezes Stablecoin’s license in 2025, when the rules apply star-news.press/wp

Hong Kong’s decision to abandon the Stablecoin license until 2025, when the regulatory system is preparing to publish the newspaper on August 1, indicating caution against rapid adoption. But is this a strategic stop or the bottle neck of the next border of Crypto?

On July 29, Hong Kong Monetary Authority certain No stablecoin licenses will not be issued this year, despite the final touches on a comprehensive organizational framework that comes into effect on August 1.

The guidelines impose strict requirements on exporters, including anti -money laundering controls and backup transparency. Darry Chan Wai-Man was martyred with the “heavy work burden” of audit applications, with unlikely approvals before early 2025, and until then, it may only be for a few.

Hong Kong chooses rigor at the speed of the Stablecoin chart

While the Stablecoin license in Hong Kong extends to 2025, the newly completed rules reveal an organizational framework designed for accuracy. The HKMA version July 29 determines two basic guidances: one of the capital and operational requirements to dictate licensed exporters, and other strict protocols to combat money laundering, with an explanation of how to transfer the current exporters to the new system.

Next to the next month, the risks risk penalties under Stablecoins in Hong Kong. Meanwhile, potential applicants face a narrow time schedule, as the organizer urges the indication of the intention by August 31 to obtain initial reactions, with the full submission due by September 30 for early look.

Although the license is still “continuing”, the HKMA approach that is trained on the bottleneck: only the most complied candidates will allow the initial audit. CEO Daril Chan warns that explosive growth is unlikely, hinting on a deliberate relief to enter the market.

The United States varies

Hong Kong Clash Frankly, with Washington’s aggressive Stablecoin strategy. President Trump signed it on July 18, Genius It shows 100 % reserves of stablecoins, monthly transparency reports, and federal AML supervision, all during the rapid approvals of tracking. Hong Kong gives the priority of deliberations, the US framework flourishes on speed, with an explicit goal to “transporting lightning quickly” (as Trump’s tweet) to control the innovation of digital assets.

The difference reflects the deepest priorities: Hong Kong seeks stability through selective license, while America is betting on the size and dominance of the dollar. However, both systems participate in focusing on consumer guarantees. Hong Kong bases prohibit misleading claims about the license, which reflects the genius law campaign on deceptive marketing.