Introduction to the Stablecoins Ordinance
What you'll learn
- Understand the core definitions and regulatory scope of the Stablecoins Ordinance.
- Identify the criteria for 'specified stablecoins' and the exclusions applicable to central bank and traditional financial products.
- Analyse the licensing framework for regulated stablecoin activities and the responsibilities of licensed entities.
- Apply the materiality assessment framework used by the Monetary Authority to determine systemic impact.
- Recognize the prohibitions and penalties associated with unauthorized issuance, offering, and advertising of stablecoins.
- Evaluate the anti-fraud and anti-misrepresentation provisions designed to protect market integrity.
- Examine the governance structures and reserve asset requirements mandatory for stablecoin issuers.
About this course
This course provides a comprehensive overview of the Stablecoins Ordinance in Hong Kong, detailing the regulatory framework designed to oversee stablecoin activities, ensure monetary and financial stability, and safeguard public interest. Participants will explore the key pillars of the legislation, including the definition of specified stablecoins, the licensing regime for issuers, and the operational requirements for governance and reserve asset management.
Furthermore, the course examines the Monetary Authority's investigatory and enforcement powers, alongside specific prohibitions related to unauthorized activities, marketing, and fraudulent practices. By the end of this program, learners will understand how this legislation integrates with existing financial regulations to maintain Hong Kong’s status as a leading global financial center.
Curriculum · 30 lessons
- 1.
Introduction to the Stablecoins Ordinance
FREE2:00 - 2.
Legislative Framework and Regulatory Foundation Overview
1:53 - 3.
Defining Stablecoins: Five Essential Core Characteristics
FREE1:58 - 4.
Exclusions from the Stablecoin Definition
2:03 - 5.
Specified Stablecoins and Regulatory Scope
2:02 - 6.
Quiz: Introduction to the Stablecoins Ordinance – Specified Stablecoins and Regulatory Scope
QUIZ5 questions · requires lessons - 7.
Regulated Stablecoin Activities and Licensing Requirements
2:04 - 8.
Materiality Assessment Framework for Additional Activities
2:09 - 9.
Offering Specified Stablecoins: Definition and Scope
1:55 - 10.
Licensing Framework and Connected Stablecoin Activities
1:57 - 11.
Control Structures and Corporate Governance Thresholds
2:13 - 12.
Quiz: Regulated Stablecoin Activities and Licensing Requirements – Control Structures and Corporate Governance Thresholds
QUIZ5 questions · requires lessons - 13.
Key Personnel: Officers, Managers, and Stablecoin Managers
2:13 - 14.
Reserve Assets and Redemption Framework for Holders
1:59 - 15.
Investigatory and Enforcement Powers of Monetary Authority
2:08 - 16.
Specialized Regulatory Bodies: Tribunal and Designated Entities
2:19 - 17.
Integration with Hong Kong's Financial Regulatory Architecture
2:07 - 18.
Quiz: Key Personnel: Officers, Managers, and Stablecoin Managers – Integration with Hong Kong's Financial Regulatory Architecture
QUIZ5 questions · requires lessons - 19.
Part 2 Overview: Regulation of Specified Stablecoin Activities
2:03 - 20.
Division 1: Foundational Restrictions on Stablecoin Activities
2:06 - 21.
Section 8: Prohibition on Unauthorized Regulated Stablecoin Activity
2:03 - 22.
Section 8: Tiered Penalty Structure for Unauthorized Activity
2:11 - 23.
Section 9: Prohibition on Offering Specified Stablecoins
2:10 - 24.
Quiz: Part 2 Overview: Regulation of Specified Stablecoin Activities – Section 9: Prohibition on Offering Specified Stablecoins
QUIZ5 questions · requires lessons - 25.
Permitted Offerors: Five Defined Regulatory Categories
2:14 - 26.
Section 10: Advertising Restrictions and Publisher Prohibitions
2:05 - 27.
Section 10: Safe Harbors and Defenses for Publishers
2:12 - 28.
Section 10: Key Definitions Governing Advertisement Offenses
2:17 - 29.
Section 11: Fraud and Deception in Stablecoin Transactions
2:10 - 30.
Quiz: Permitted Offerors: Five Defined Regulatory Categories – Section 11: Fraud and Deception in Stablecoin Transactions
QUIZ5 questions · requires lessons - 31.
Section 12: Inducement Through Misrepresentation Offenses
2:05 - 32.
Section 12: Fraudulent Versus Reckless Misrepresentation Defined
2:05 - 33.
Section 13: Monetary Authority's Exemption Powers and Standards
2:12 - 34.
Section 13: Exemption Administration, Conditions, and Modification
2:08 - 35.
Course Conclusion and Upcoming CPT Sessions
0:15.9 - 36.
Quiz: Section 12: Inducement Through Misrepresentation Offenses – Course Conclusion and Upcoming CPT Sessions
QUIZ5 questions · requires lessons
Requirements
- Fundamental understanding of Hong Kong's existing financial services and regulatory environment.
- Basic knowledge of digital assets, distributed ledger technology, and their role in modern finance.
- Interest in legal, compliance, or regulatory frameworks governing the financial technology sector.
11 days left to enroll
23 seats left
or watch individual lessons (1 credit/minute)