{"id":130639,"date":"2025-06-06T05:41:34","date_gmt":"2025-06-06T05:41:34","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130639"},"modified":"2025-06-06T05:41:34","modified_gmt":"2025-06-06T05:41:34","slug":"hong-kongs-stablecoin-law-to-take-effect-in-august","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130639","title":{"rendered":"Hong Kong\u2019s stablecoin law to take effect in August"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostHong Kong\u2019s new stablecoin ordinance, which requires issuers of assets backed by fiat currency to be licensed, is set to take effect on August 1, according to a government announcement on Friday.<br \/>\nThe city\u2019s Legislative Council passed the bill regulating stablecoins \u2013 a type of cryptocurrency backed by a reference asset, usually fiat currencies such as the US and Hong Kong dollars \u2013 on May 21, but the government had not previously announced when it would take effect. The law requires a licence&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/blockchain\/article\/3313316\/hong-kongs-stablecoin-law-take-effect-august-building-virtual-asset-licensing?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostHong Kong\u2019s new stablecoin ordinance, which requires issuers of assets backed by fiat currency to be licensed, is set to take effect on August&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130639"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130639"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130639\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130639"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}