The session offers a detailed analysis of the Hong Kong Monetary Authority’s licensing framework applicable to Specified Stablecoins (fiat-referenced stablecoins). Topics addressed include the scope of regulated activities, eligibility criteria for licence applicants, incorporation requirements, HK$25 million minimum paid-up share capital requirement, fit-and-proper standards for controllers, directors and managers, and the requirement for stablecoins to be fully backed by high-quality, liquid assets.

Additional subjects covered encompass segregation and custody of reserve assets, holders’ redemption rights, white paper disclosure obligations, risk management policies, governance structures, technology and operational controls, complaints handling procedures, incident management, business continuity planning, and orderly wind-down arrangements. The webinar further addresses continuing obligations, regulatory reporting to the HKMA, and offences under the Ordinance.