#香港稳定币新规 #香港稳定币新规 20On August 1, 2025, Hong Kong's "Stable Coin Regulation" officially took effect, marking the implementation of the world's first comprehensive regulatory framework for fiat-backed stablecoins. This historic initiative makes Hong Kong the first jurisdiction to implement a thorough regulatory framework for stablecoins, injecting unprecedented institutional certainty into the turbulent digital asset market. According to the new regulations, any entity issuing fiat-backed stablecoins in Hong Kong, or any entity issuing stablecoins pegged to the value of the Hong Kong dollar overseas, must apply for a license from the Hong Kong Monetary Authority.