#香港稳定币新规

#香港稳定币新规 officially takes effect! The world's first comprehensive regulatory framework is implemented.

The Hong Kong "Stablecoin Regulation" officially came into effect on August 1, becoming the world's first comprehensive regulatory framework for fiat-backed stablecoins! 🔥 New regulations require:

✅ Mandatory Licensing: All stablecoin issuers must apply for a license from the Monetary Authority, and non-bank institutions require a paid-in capital of HKD 25 million.

✅ 100% Reserve + Independent Custody: Reserve assets must be highly liquid to ensure a 1:1 redemption, and redemptions must be completed within one business day.

✅ Strict Compliance: Prohibition of interest payments, strict control of advertising, and KYC real-name system requirements have sparked controversy in Web3.

The first batch of licenses is expected to be issued in early 2026, with giants like Ant Group and JD.com already positioning themselves, potentially reducing cross-border payment costs by 50%! 🚀 However, high barriers may squeeze out smaller players; can Hong Kong balance innovation and regulation?