CoinVoice has recently learned that, according to Techub, on the first day of the official implementation of the stablecoin regulations in Hong Kong, some OTC offline stores in Hong Kong, including One Satoshi, temporarily closed due to concerns about violating regulatory requirements.

However, some OTC offline stores chose to continue operating. The operators of some stores that chose to continue operating believe that OTC activities involving non-Hong Kong legal tender issued overseas (such as USDT) are not within the scope of the regulations. Based on the spirit of common law in Hong Kong, if there is no clear case law declaring stablecoin OTC activities illegal, OTC businesses may still continue to operate.[Original link]