Regulatory Alerts2026-05-27
Added · Updated
Guidance on Virtual Asset-Related Activities Involving Relevant Stablecoins
The Hong Kong Monetary Authority and the Securities and Futures Commission issued joint guidance to Registered Institutions regarding virtual asset activities involving stablecoins authorized under the Stablecoins Ordinance. The regulators introduced relaxed regulatory requirements for these 'Relevant Stablecoins,' including exemptions from virtual asset knowledge tests, high liquidity mandates, and Type 9 asset management registration. These changes streamline the provision of dealing, advisory, and portfolio management services while maintaining investor protection through specific disclosure obligations regarding stabilization mechanisms.