PANews, June 8 news, according to (Daily Economic News) reported that Hong Kong's stablecoin regulations only allow designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above-mentioned situations, there is another situation of 'active promotion', which means that even if one is not directly engaged in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, a license is also required.