Non-EU Regulators
Hong Kong Monetary Authority (HKMA)
Hong Kong de facto central bank — supervises stablecoin issuers and bank crypto activities.
Definition
The HKMA is Hong Kong's central bank-equivalent. Co-regulates stablecoin issuers alongside the SFC under the Stablecoin Ordinance (operational 2025). Supervises authorised banks providing crypto-asset services.