#香港稳定币新规 Hong Kong Stablecoin New Regulations Officially Take Effect! The World's First Comprehensive Regulatory Framework Launched

The Hong Kong 'Stablecoin Ordinance' 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, with non-bank institutions required to have a paid-up capital of HKD 25 million.

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

✅ Strict Compliance: Interest payments are prohibited, advertising is strictly controlled, 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 preparing, potentially reducing cross-border payment costs by 50%! 🚀 However, high barriers may squeeze out small and medium players. Can Hong Kong balance innovation and regulation?