The minimum requirement for the issuer of stablecoin in Hong Kong to fully pay up the share capital has been changed to HKD 25 million or 1/100 of the stablecoin circulation.

DailyNews

2024-07-18 06:56:56

According to the summary of the legislative proposal consultation by the Hong Kong Monetary Authority and the Treasury Bureau, stablecoin issuers should have sufficient financial resources to properly address the market risks, operational risks, technological risks, and other risks arising from their business operations. However, considering the market response, the minimum paid-up capital requirement will be changed to HKD 25 million or 1% of the circulation value of the stablecoin, whichever is higher. However, the Commissioner of Financial Services retains the flexibility and authority to impose additional capital requirements when necessary.

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