PANews reported on July 30 that Hong Kong's Stablecoin Ordinance will officially take effect on August 1, 2025. Song Min, Dean of the China Central Development Research Institute at WuhanPANews reported on July 30 that Hong Kong's Stablecoin Ordinance will officially take effect on August 1, 2025. Song Min, Dean of the China Central Development Research Institute at Wuhan
Song Min, President of the Hong Kong Institute of International Finance, said: "Institutional advancement" will help Hong Kong explore the development path of stablecoins, which should be anchored in
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