PANews reported on June 6 that according to the Hong Kong government announcement, the Stablecoin Ordinance (Chapter 656) will be officially implemented on August 1, 2025, establishing a licensing and regulatory system for stablecoin activities. At the same time, the Financial Secretary specified that professional investors can access specified stablecoins that are not issued with a license. The Secretary for Financial Services and the Treasury, Paul Chan, said that the ordinance has set a key milestone for the development of the local stablecoin and digital asset ecosystem. The relevant regulatory details have been consulted by the HKMA and cover anti-money laundering and other requirements.