#香港稳定币新规

According to the Hong Kong Monetary Authority (HKMA) announcement, the new stablecoin regulatory policy will officially be implemented on August 1st. It is noteworthy that this policy is also the first stablecoin regulatory framework in Asia, which has a great chance of becoming a reference for neighboring Asian countries in stablecoin regulation, and may accelerate the progress of regulatory legislation in other countries.

According to the new stablecoin regulations, all stablecoin providers offering services in Hong Kong must meet certain capital thresholds and must also satisfy requirements for full reserves, information disclosure, and anti-money laundering management systems to obtain a license to provide services; otherwise, they will be forced to cease operations.

Although this new regulation can significantly enhance the confidence of stablecoin holders and reduce money laundering risks, the higher capital thresholds may pose certain capital barriers for new stablecoin providers. Furthermore, under this framework, mandatory KYC verification for users will significantly reduce user privacy in transactions and increase the compliance technical difficulties for stablecoin providers.