Wu Shuo learned that the Hong Kong SAR government published the "Stablecoins Ordinance (Effective Date) Notice" in the constitution today (June 6), designating August 1, 2025 as the date on which the Stablecoins Ordinance (Chapter 656) (the "Ordinance") will come into effect. After the regulation comes into effect, the licensing system will provide appropriate regulations for related stablecoin activities, "said Xu Zhengyu, Secretary for Financial Services and the Treasury