Deep Tide TechFlow News, on August 1, according to Yahoo Finance, the Hong Kong "Stablecoin Regulation" will officially take effect on August 1, 2025. The Hong Kong Monetary Authority has set a 6-month transition period and is expected to issue the first stablecoin issuer license early next year. The Monetary Authority emphasizes that licensing must meet three major requirements: compliance, specificity, and sustainability.

China Renaissance has announced an investment of 100 million USD to venture into the Web 3.0 and digital asset field, and plans to expand the scope of the Hong Kong Securities and Futures Commission's licenses 1, 4, and 9 to the digital asset business. Shi Ziyuan, head of proprietary investment at China Renaissance, stated that the legalization of stablecoins will help attract more mainstream institutions and capital into the market, driving the development of Hong Kong's digital asset industry.