Hong Kong Legislative Council Reviews Stablecoin Bill in First 2025 Bulletin

In Brief:

Hong Kong's Legislative Council has released its first thematic bulletin of 2025, focusing on financial regulations.

The bulletin covers stablecoin regulations, company re-domiciliation, and Web3 development policies.

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Hong Kong's Legislative Council has issued its first special bulletin of 2025, titled "Consolidating Hong Kong's Position as an International Financial Center." The bulletin highlights the ongoing review of the Stablecoin Bill, which aims to establish a licensing framework for fiat-backed stablecoins and facilitate the re-domiciliation of overseas companies to Hong Kong.

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Additionally, the Legislative Council’s House Committee has formed a subcommittee to examine Web3 and virtual asset development, with plans to recommend new policies and regulatory measures to strengthen Hong Kong’s role in the global fintech landscape.

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