#创作者任务台 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 stablecoins! 🔥 New regulations require:

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

✅ 100% Reserves + Independent Custody: Reserve assets must be highly liquid assets to ensure 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 making moves; cross-border payment costs may decrease by 50%! 🚀 However, high entry barriers may squeeze out small and medium players. Can Hong Kong balance innovation and regulation?