币圈-舅爷
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Bullish
Hong Kong throws out a big bomb! The "Stablecoin Regulation Draft" has officially landed, putting the first "compliance shackles" on global stablecoins! This legislation directly sets three red lines: a paid-in capital starting at HKD 25 million, reserves must be 100% backed by issuance, monthly public audits, and stablecoins pegged to the Hong Kong dollar from overseas must also be licensed—TerraUSD, which collapsed back then, wouldn't even qualify for registration in Hong Kong! In contrast to the US and Europe still bickering over regulatory details, Hong Kong's "hard rules + full jurisdiction" approach has directly become a global regulatory textbook.
This move harbors great ambition: 90% of global stablecoins are settled in USD, but Hong Kong allows the issuance of stablecoins in HKD, RMB, and even multi-currency stablecoins. Standard Chartered has tested "HKD stablecoin + digital RMB" cross-border payments, and in the future, businesses in the Greater Bay Area may find it as simple to pay for goods with stablecoins as sending a WeChat red envelope. Citibank predicts that by 2030, the stablecoin market could reach USD 3.7 trillion, and Hong Kong aims to solidify its position as a "super node in digital finance," breaking the dollar's monopoly in the crypto world.
Hong Kong's "balancing act" is most remarkable: it requires stablecoins to have "transparent financial records" to prevent crises, while also allowing for a "regulatory sandbox" to encourage innovation. For example, Hong Kong Telecom plans to integrate stablecoins into the electronic wallets of 8 million users, potentially connecting with mainland Alipay in the future. It neither imposes a one-size-fits-all ban nor allows chaotic situations to prevail; Hong Kong proves that regulation can pave the way for innovation. This experiment in the "Eastern Financial Center" is rewriting global crypto rules. Do you think Hong Kong can become the "new center of digital finance"? Let's discuss in the comments! Share and follow to track the progress of stablecoin licensing! #香港推出稳定币
This move harbors great ambition: 90% of global stablecoins are settled in USD, but Hong Kong allows the issuance of stablecoins in HKD, RMB, and even multi-currency stablecoins. Standard Chartered has tested "HKD stablecoin + digital RMB" cross-border payments, and in the future, businesses in the Greater Bay Area may find it as simple to pay for goods with stablecoins as sending a WeChat red envelope. Citibank predicts that by 2030, the stablecoin market could reach USD 3.7 trillion, and Hong Kong aims to solidify its position as a "super node in digital finance," breaking the dollar's monopoly in the crypto world.
Hong Kong's "balancing act" is most remarkable: it requires stablecoins to have "transparent financial records" to prevent crises, while also allowing for a "regulatory sandbox" to encourage innovation. For example, Hong Kong Telecom plans to integrate stablecoins into the electronic wallets of 8 million users, potentially connecting with mainland Alipay in the future. It neither imposes a one-size-fits-all ban nor allows chaotic situations to prevail; Hong Kong proves that regulation can pave the way for innovation. This experiment in the "Eastern Financial Center" is rewriting global crypto rules. Do you think Hong Kong can become the "new center of digital finance"? Let's discuss in the comments! Share and follow to track the progress of stablecoin licensing! #香港推出稳定币
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