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Hong Kong Joins Global Race With New Stablecoin Licensing Bill

CoinDesk LogoCoinDesk19h ago

Hong Kong Joins Global Race With New Stablecoin Licensing Bill - CoinDesk

Quick Summary:

Hong Kong has been working on establishing a stablecoin regime since 2023.

Ben Reynolds, BitGo's managing director of stablecoins, said at Consensus 2025 that large banks are increasingly taking notice of the industry, largely out of fear that they will lose market share to the digital dollars.

The nation had published a consultation paper on stablecoin guidelines towards the end of 2023.

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Hong Kong Joins Global Race With New Stablecoin Licensing Bill - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Camomile Shumba

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 17:29:22 (19 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 263 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28892498

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 35 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "Hong Kong Joins Global Race With New Stablecoin Licensing Bill" has 263 words across 27 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Hong Kong Joins Global Race With New Stablecoin Licensing Bill" was covered 19 hours ago by CoinDesk, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 35 news stories per day.

It's most recent story was published 13 hours ago.

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  • URL: https://infodata.beamstart.com/news/hong-kong-joins-global-race-17478497477204

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