CPTEnglishIntermediate· Digital Assets & Regulations, Licensing & Regulations

Introduction to the Stablecoins Ordinance

Legal & Compliance 1h 30 lessons

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 foundational understanding of the Stablecoins Ordinance, a regulatory framework designed to bring oversight to digital assets that function as stablecoins within the Hong Kong financial ecosystem. For professionals licensed by the Securities and Futures Commission (SFC), this curriculum is essential for navigating the evolving digital assets landscape. As Hong Kong continues to strengthen its position as a global hub for virtual assets, understanding the criteria for specified stablecoins and the associated licensing requirements is necessary for maintaining compliance and managing institutional risk.

Who should attend

Compliance officers
Licensed representatives
Anti-Money Laundering (AML) analysts
Risk managers
In-house legal counsel
Digital asset product managers

Key topics covered

Regulatory Framework and Definitions

Core characteristics of stablecoins
Exclusions from the regulatory perimeter
Criteria for specified stablecoins
Integration with Hong Kong financial laws

Licensing and Governance

Regulated stablecoin activities
Licensing framework and authorization
Control structures and corporate governance
Reserve asset and redemption requirements
Role of key personnel and managers

Compliance, Prohibitions, and Enforcement

Materiality assessment for additional activities
Prohibitions on unauthorized issuance and offering
Advertising restrictions and publisher liability
Anti-fraud and anti-misrepresentation provisions
Monetary Authority enforcement and exemption powers

How this course satisfies CPT

This course covers Digital Assets & Regulations, Licensing & Regulations topics recognised by the SFC as eligible for CPT. Upon completion, you'll earn approximately 1 CPT hours and receive a certificate of completion for your training records. The course includes quizzes to verify your understanding, satisfying the SFC's requirement that online learning includes an independent assessment and maintains a reliable audit trail.

Learn more about CPT requirements

Curriculum · 30 lessons

1:01:16.9 of content

1.
Introduction to the Stablecoins Ordinance
FREE
2:00
2.
Legislative Framework and Regulatory Foundation Overview
FREE
1:53
3.
Defining Stablecoins: Five Essential Core Characteristics
FREE
1:58
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
QUIZ
5 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
QUIZ
5 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
QUIZ
5 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
QUIZ
5 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
QUIZ
5 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
QUIZ
5 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.

Certificate of Completion

Complete this course to earn a verifiable Certificate of Completion for your CPT training record. Here's how:

1Watch all the lessons — work through every lesson in the curriculum. Each completed lesson brings your progress closer to 100%.
2Pass all the quizzes — score 70% or higher in each quiz within the course. Quizzes are part of the curriculum and must be passed to finish.
3Download your certificate — once you reach 100% progress, download a personalised Certificate of Completion showing your name, the CPT hours earned, and your quiz score.

Sample certificate: