On August 1, Hong Kong’s Stablecoin Ordinance officially came into force, marking the city as the first jurisdiction in Asia to roll out a comprehensive regulatory and licensing regime for stablecoins. The Hong Kong Monetary Authority (HKMA) announced that it expects to issue the first batch of stablecoin licenses by early 2027 and has already […] The post HK stablecoin: Between crypto’s decline and digital yuan’s rise appeared first on Asia Times .