香港稳定币
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Retail Investors' Life-and-Death 72 Hours: Hong Kong Stablecoin New Regulations Cleanse the Black Market, Compliant Giants Cut Their Losses in the Scramble
On August 13, 2025, in Tsim Sha Tsui: The Monetary Authority confiscated 320 million from the black market! Underground trading volume surged by 24%—your wallet has become a battlefield!!#香港加密货币ETF #香港监管收紧 #香港稳定币
Retail accounts are bleeding
The Iron Curtain of Regulation Descends: From Gray Jungle to Transparent Battlefield
On August 1, 2025, Hong Kong's (Stablecoin Regulations) will officially take effect, establishing the world's first regulatory framework for fiat-pegged digital currencies. The Monetary Authority will reposition stablecoins as payment infrastructure through a 'penetrative regulation + full lifecycle management' model. This reform not only requires issuers to contribute 25 million HKD in capital and 100% reserve custody but also achieves identity penetration and fund traceability for each transaction through blockchain technology.
Retail accounts are bleeding
The Iron Curtain of Regulation Descends: From Gray Jungle to Transparent Battlefield
On August 1, 2025, Hong Kong's (Stablecoin Regulations) will officially take effect, establishing the world's first regulatory framework for fiat-pegged digital currencies. The Monetary Authority will reposition stablecoins as payment infrastructure through a 'penetrative regulation + full lifecycle management' model. This reform not only requires issuers to contribute 25 million HKD in capital and 100% reserve custody but also achieves identity penetration and fund traceability for each transaction through blockchain technology.
我的翻云量化-We80:
几年的量化公开实盘可查，可试用盈利后再收费，平台自研策略秒杀市面所有策略，牛熊无惧
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Hong Kong's new stablecoin regulations are coming, is it really 'impossible to withdraw funds freely'?
Recently, some friends have left messages asking: 'Is it now impossible to withdraw funds freely in Hong Kong?' Let's talk about this today.
The new stablecoin regulations are here, how to play?
On August 1, 2025, Hong Kong officially implemented the (Stablecoin Regulation), a set of 'new rules' specifically governing stablecoins, aimed at creating a more robust, transparent, and secure market environment. The key point is, if you are issuing stablecoins or selling stablecoins to local users in Hong Kong, you must first obtain a license from the Hong Kong Monetary Authority to ensure everyone's money is secure.
The new regulations are strict on issuers, requiring sufficient capital reserves, transparent funding, and sound governance structures. In simple terms, Hong Kong wants reliable and stable stablecoins, not chaotic 'shanzhai' coins.
The new stablecoin regulations are here, how to play?
On August 1, 2025, Hong Kong officially implemented the (Stablecoin Regulation), a set of 'new rules' specifically governing stablecoins, aimed at creating a more robust, transparent, and secure market environment. The key point is, if you are issuing stablecoins or selling stablecoins to local users in Hong Kong, you must first obtain a license from the Hong Kong Monetary Authority to ensure everyone's money is secure.
The new regulations are strict on issuers, requiring sufficient capital reserves, transparent funding, and sound governance structures. In simple terms, Hong Kong wants reliable and stable stablecoins, not chaotic 'shanzhai' coins.
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Retail investors' life and death 72 hours: Hong Kong's new stablecoin regulations cleanse the black market, compliance giants fight for scraps
On August 13, 2025, Tsim Sha Tsui site: The Monetary Authority confiscated 320 million from the black market! Underground trading volume surged by 24% - your wallet has become a battlefield!!#香港加密货币ETF #香港监管收紧 #香港稳定币
Retail investors' accounts are bleeding
Black market poison trap: Journalists secretly visited a black shop in Sham Shui Po, cash transaction premiums soared to 8.7% (increased by 87 times!), Monetary Authority urgently warns: such USDT is not protected by law, once it crashes, all is lost.
Retail investors' deadly predicament: Compliance channel fees will soar by 60 times (0.1% → 6%), the black market becomes a bloodthirsty casino - either be harvested by compliance or strangled by the black market!
Retail investors' accounts are bleeding
Black market poison trap: Journalists secretly visited a black shop in Sham Shui Po, cash transaction premiums soared to 8.7% (increased by 87 times!), Monetary Authority urgently warns: such USDT is not protected by law, once it crashes, all is lost.
Retail investors' deadly predicament: Compliance channel fees will soar by 60 times (0.1% → 6%), the black market becomes a bloodthirsty casino - either be harvested by compliance or strangled by the black market!
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A few days ago, I listened to Dr. Xiao Feng's interview at Silicon Valley 101 and整理了一下 that blog. Dr. Xiao Feng is the chairman of Wanxiang Blockchain and also the chairman of HashKey.
This blog is very helpful for understanding the current situation of the stablecoin industry in China.
1⃣ Dr. Xiao Feng discovered an astonishing comparison:
🇨🇳 From the mainland perspective, stablecoins are viewed from the standpoint of major currency competition and dollar hegemony,
🇭🇰 whereas Hong Kong considers it from the perspective of anti-money laundering compliance risks.
What Hong Kong fears most is damage to its reputation, not missing opportunities.
2⃣ Currently, operating crypto in Hong Kong requires two sets of licenses:
Securities Ordinance requires a Type 7 license (ATS): and the anti-money laundering ordinance requires a VATP license.
This is why many exchanges closed their Hong Kong operations on June 1 last year; compliance costs are no joke.
3⃣ China's roadmap for accepting crypto
Based on observations from attending multiple internal seminars in Beijing, Dr. Xiao predicts:
Step 1: Stablecoins (currently under discussion)
Step 2: RWA (possibly next year)
Step 3: Bitcoin (in the future)
"Whether to launch the Huaihai Campaign has already been decided; the key is how to launch it."
4⃣ The three-stage evolution of RWA
Not all assets can be directly put on-chain!
Stage 1: Fiat currency tokenization (USDT)
Stage 2: Financial asset tokenization (BlackRock ETF)
Stage 3: Physical asset tokenization (oracle dilemma)
Gradual progress is the key.
5⃣ The dual challenges currently faced by China's stablecoins
External pressure: Europe and the U.S. worry that the RMB stablecoins may bypass sanctions.
Internal risk: rampant pyramid schemes may repeat the mistakes of the "internet finance rectification."
6⃣ Differentiated positioning of Hong Kong vs. Singapore
Singapore = Switzerland of Asia (stability, reputation)
Hong Kong = Wall Street of Asia (lively, trading)
The two have different positions and strategies; there's no need for zero-sum competition.
7⃣ China has unique advantages in blockchain
From the internet to AI to crypto, global innovation comes from China and the U.S.
40-50% of the U.S. crypto teams are Chinese!
Hong Kong + One Country, Two Systems + Common Law System = The perfect bridge connecting China and the U.S.
#RWA #稳定币 #香港稳定币
This blog is very helpful for understanding the current situation of the stablecoin industry in China.
1⃣ Dr. Xiao Feng discovered an astonishing comparison:
🇨🇳 From the mainland perspective, stablecoins are viewed from the standpoint of major currency competition and dollar hegemony,
🇭🇰 whereas Hong Kong considers it from the perspective of anti-money laundering compliance risks.
What Hong Kong fears most is damage to its reputation, not missing opportunities.
2⃣ Currently, operating crypto in Hong Kong requires two sets of licenses:
Securities Ordinance requires a Type 7 license (ATS): and the anti-money laundering ordinance requires a VATP license.
This is why many exchanges closed their Hong Kong operations on June 1 last year; compliance costs are no joke.
3⃣ China's roadmap for accepting crypto
Based on observations from attending multiple internal seminars in Beijing, Dr. Xiao predicts:
Step 1: Stablecoins (currently under discussion)
Step 2: RWA (possibly next year)
Step 3: Bitcoin (in the future)
"Whether to launch the Huaihai Campaign has already been decided; the key is how to launch it."
4⃣ The three-stage evolution of RWA
Not all assets can be directly put on-chain!
Stage 1: Fiat currency tokenization (USDT)
Stage 2: Financial asset tokenization (BlackRock ETF)
Stage 3: Physical asset tokenization (oracle dilemma)
Gradual progress is the key.
5⃣ The dual challenges currently faced by China's stablecoins
External pressure: Europe and the U.S. worry that the RMB stablecoins may bypass sanctions.
Internal risk: rampant pyramid schemes may repeat the mistakes of the "internet finance rectification."
6⃣ Differentiated positioning of Hong Kong vs. Singapore
Singapore = Switzerland of Asia (stability, reputation)
Hong Kong = Wall Street of Asia (lively, trading)
The two have different positions and strategies; there's no need for zero-sum competition.
7⃣ China has unique advantages in blockchain
From the internet to AI to crypto, global innovation comes from China and the U.S.
40-50% of the U.S. crypto teams are Chinese!
Hong Kong + One Country, Two Systems + Common Law System = The perfect bridge connecting China and the U.S.
#RWA #稳定币 #香港稳定币
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Crash Warning: A crash to 98386.14-99959.31 on June 17.
The conflict between Israel and Iran has led to a sharp drop in Bitcoin. The war has ended in the past two days, Bitcoin $BTC
Liquidity is low over the weekend, with little fluctuation. Starting next Monday, there will be significant volatility. Is it true that there will be final results from the Sino-U.S. talks? What do you think? Share your thoughts in the comments, as many hands make light work!
The two segments of the big cake's trend are very similar; predicting will be difficult. There might be another sharp drop around June 17 to 98386.14-99959.31.
Why June 17? Because this is an important turning point in Gann's time series. Those who have read my articles know! For those who haven't, make sure to take a look (I shared my predictions about reaching a peak on May 23, a secondary peak on June 2, a bottom at 100718 on June 6, another peak on June 11, and a crash on June 17! Remember to take notes!)!
Liquidity is low over the weekend, with little fluctuation. Starting next Monday, there will be significant volatility. Is it true that there will be final results from the Sino-U.S. talks? What do you think? Share your thoughts in the comments, as many hands make light work!
The two segments of the big cake's trend are very similar; predicting will be difficult. There might be another sharp drop around June 17 to 98386.14-99959.31.
Why June 17? Because this is an important turning point in Gann's time series. Those who have read my articles know! For those who haven't, make sure to take a look (I shared my predictions about reaching a peak on May 23, a secondary peak on June 2, a bottom at 100718 on June 6, another peak on June 11, and a crash on June 17! Remember to take notes!)!
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ZA Bank Launches Banking Solutions for Hong Kong Stablecoin Issuers
Hong Kong-based ZA Bank has announced plans to provide professional banking services to stablecoin issuers, a strategy it expects will boost local adoption of web3 technology.
The Hong Kong-based virtual bank confirmed on April 5 that it will open a safe haven for fiat currency reserves that issuers can use to back digital assets.
In addition, stablecoin issuers will also enjoy banking services including fund transfers, payroll management and multiple deposit options.
Devon Sin, the incoming CEO of ZA Bank, stated that the bank has “unwavering support” for the web3 community:
The Hong Kong-based virtual bank confirmed on April 5 that it will open a safe haven for fiat currency reserves that issuers can use to back digital assets.
In addition, stablecoin issuers will also enjoy banking services including fund transfers, payroll management and multiple deposit options.
Devon Sin, the incoming CEO of ZA Bank, stated that the bank has “unwavering support” for the web3 community:
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Hong Kong plans to launch stablecoins. This news has excited many people in the industry. This is a very historic moment! What exactly is Hong Kong’s upcoming stablecoin? How is it different from the USDT we are familiar with?
To put it simply, Hong Kong stablecoin is an encrypted digital currency that is closely linked to legal currency and aims to maintain a constant value. This means that its issuance marks a big step towards the real digital currency era. Compared with USDT, Hong Kong stablecoin has two significant features.
First of all, the ratio of its anchoring to the Hong Kong dollar is 1:1, which undoubtedly enhances its stability; secondly, the issuer of the stable currency will accept all-round strict supervision by the government and must obtain a pre-license from the government to conduct related business.
Therefore, compared with USDT, the core difference of Hong Kong's stablecoin lies in its currency and strong government endorsement, which greatly improves its security and is also expected to expand to more daily application scenarios, such as the payment field. wait.
If progress goes well, it is expected that the relevant legislative procedures will be completed and officially released next year. So, who will serve as the issuer of Hong Kong’s stablecoin? Why are they keen on issuing stablecoins?
In short, this is a project jointly initiated by wealthy individuals and the government. Faced with such a lucrative industry, who can not be tempted? Dong Ge from JD.com has expressed his intention to participate. So, what opportunities lie behind this?
The security and compliance of Hong Kong stablecoins are fully guaranteed. At present, some compliant and licensed virtual asset exchanges, brokers and asset management companies have begun to get involved in this field, and the Hong Kong government is also continuously increasing its support for the industry. Therefore, in the current competitive market, there are endless possibilities whether engaging in related business or making investments.
Finally, when the stablecoin is officially launched, I believe that as old players, we will also have a certain amount of wool waiting for us to play with it. What do you think? $BTC $USDC #香港稳定币
To put it simply, Hong Kong stablecoin is an encrypted digital currency that is closely linked to legal currency and aims to maintain a constant value. This means that its issuance marks a big step towards the real digital currency era. Compared with USDT, Hong Kong stablecoin has two significant features.
First of all, the ratio of its anchoring to the Hong Kong dollar is 1:1, which undoubtedly enhances its stability; secondly, the issuer of the stable currency will accept all-round strict supervision by the government and must obtain a pre-license from the government to conduct related business.
Therefore, compared with USDT, the core difference of Hong Kong's stablecoin lies in its currency and strong government endorsement, which greatly improves its security and is also expected to expand to more daily application scenarios, such as the payment field. wait.
If progress goes well, it is expected that the relevant legislative procedures will be completed and officially released next year. So, who will serve as the issuer of Hong Kong’s stablecoin? Why are they keen on issuing stablecoins?
In short, this is a project jointly initiated by wealthy individuals and the government. Faced with such a lucrative industry, who can not be tempted? Dong Ge from JD.com has expressed his intention to participate. So, what opportunities lie behind this?
The security and compliance of Hong Kong stablecoins are fully guaranteed. At present, some compliant and licensed virtual asset exchanges, brokers and asset management companies have begun to get involved in this field, and the Hong Kong government is also continuously increasing its support for the industry. Therefore, in the current competitive market, there are endless possibilities whether engaging in related business or making investments.
Finally, when the stablecoin is officially launched, I believe that as old players, we will also have a certain amount of wool waiting for us to play with it. What do you think? $BTC $USDC #香港稳定币
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