#SouthKoreaCryptoPolicy

According to Odaily, Hong Kong has introduced strict rules for stablecoins. Only licensed companies are allowed to sell stablecoins that are backed by real money (fiat) to the public. To offer these stablecoins to retail investors, they must be issued by approved, licensed providers.

There’s also a rule about "active promotion." This means that if a company advertises or promotes stablecoin-related services—whether in Hong Kong or outside—they still need a license, even if they’re not directly involved in selling or issuing the stablecoins themselves.