The era of stablecoins in the blockchain economy has arrived!
Hong Kong officially implements the "Stablecoin Regulation" today.
This is a moment worth remembering, although there are still many restrictions!
The regulations require that fiat currency #stablecoin issuers must operate with a license, isolate assets, and provide real-time redemption to ensure the safety of retail investors' funds.
The new rules strictly limit advertising, do not allow interest payments, and only permit licensed institutions to sell to the public, while establishing a six-month transition period to ensure a smooth transition for the industry.