Hong Kong Monetary Authority: Currently, there is no offshore RMB stablecoin issued in Hong Kong

BlockBeats News, September 24th, the Hong Kong Monetary Authority issued a reminder that social media has recently circulated rumors that the world's first offshore RMB-pegged stablecoin has been issued in Hong Kong. The related news is fake.

The "Stablecoin Regulation" will officially take effect on August 1, 2025. Anyone who issues a fiat currency stablecoin in Hong Kong during the business process or actively promotes its issuance activities to the Hong Kong public must obtain a stablecoin issuer license issued by the Monetary Authority.

Currently, the Hong Kong Monetary Authority has not issued any stablecoin issuer licenses. Therefore, any stablecoin issuance or promotional activities are illegal. If anyone promotes a stablecoin, they must remain vigilant. The Monetary Authority will monitor the market situation involving stablecoin transactions. If any behavior suspected of violating the "Stablecoin Regulation" is found, further actions will be considered based on relevant facts and evidence.