Hong Kong launches "designated stablecoin" regulatory strategy focusing on value anchoring and Hong Kong dollar peg.

CryptoWorldStorytellingSession · 2025-06-07T09:23:54+00:00

Hong Kong has proposed the concept of "designated stablecoin", focusing on value anchoring regulation, ensuring that stablecoins linked to the Hong Kong dollar are regulated, while leaving room for other stablecoins, highlighting its key strategy as an international financial center.

CryptoWorldStorytellingSession

2025-06-07 09:23:54

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On June 7, the 21st Century Business Herald published an article analyzing "Hong Kong’s “betting” on stablecoins: a key to an international financial center, which pointed out that Hong Kong proposed the concept of “specifying stablecoins”, which corresponds to the model of “value anchoring supervision”. The concept of a “specified stablecoin” refers to a stablecoin that maintains a stable value by reference to one or more official currencies, or a unit of calculation or store of economic value specified by the HKMA. Regulation focuses on two types of activities: the issuance of specified stablecoins in Hong Kong; or specified stablecoins issued outside Hong Kong that claim to be pegged to the value of the Hong Kong dollar, which ensures that the Hong Kong dollar-pegged stablecoin is regulated and leaves room for other stablecoins.

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