The webinar delivered a comprehensive overview of the regulatory requirements applicable to licensed stablecoin issuers under the Stablecoins Ordinance and the supervisory expectations of the Hong Kong Monetary Authority, covering in particular:

• the scope of the Stablecoins Ordinance and the definition of Specified Stablecoins;
• regulated stablecoin activities and the extraterritorial reach of the licensing regime;
• licensing eligibility criteria, including incorporation and minimum capital requirements;
• fit and proper standards for controllers, directors, senior management and key personnel;
• reserve asset requirements, including full backing, asset quality, liquidity and segregation;
• redemption rights and protections for stablecoin holders, including insolvency scenarios;
• risk management obligations covering financial, operational, technological and AML/CFT risks;
• disclosure, audit and reporting obligations, including white paper requirements;
• incident management, business continuity and orderly wind-down planning;
• restrictions on interest payments and limitations on non-stablecoin business activities.

Access the video here.