US Stablecoin Bill VS Hong Kong Stablecoin Bill

Hong Kong's 'Stablecoin Regulations' officially came into effect on August 1, focusing on the regulation of fiat stablecoins:

1. Licensing Threshold: Fiat stablecoins issued in Hong Kong or targeting Hong Kong residents must operate under a license. Local companies must have a fully paid capital of HKD 25 million, and compliant banks can be exempted.

2. Reserve Requirements: The reserve assets must be independently managed, with a market value not less than the face value of the circulating stablecoins, and must be of high liquidity and low risk, subject to regular public audits.

3. Investor Protection: Only licensed institutions may sell to retail users, and holders have the right to redeem at face value; unlicensed stablecoin advertising is completely prohibited.

The new regulations provide clear rules for the Hong Kong stablecoin market, regulating risks while paving the way for compliant projects $BTC $ETH #币安Alpha上新 #Solana期货交易量创新高 #币安HODLer空投TOWNS