Hong Kong's new stablecoin regulations are quite good. If you want a stablecoin, you have to follow the rules.
You can't just issue coins in restricted areas; customer identities must be verified, even VPNs are not overlooked, compliance is key. The threshold is higher for project parties, but for users, there is much more security.
Regulation may be a hassle, but it is an important foundation. Once this path is smooth and stable, Hong Kong can truly create the first stablecoin market that users can trust.
