#香港稳定币新规 🔥 Hong Kong Stablecoin New Regulations Implemented! Will Retail Investors Still Be Able to "Play"?\n\n💥 Policy Bombshell\n\nStarting August 1, the Hong Kong "Stablecoin Ordinance" officially takes effect, introducing the world's first "full-chain regulation" framework! New regulations require:\n\n• Real-name System Iron Fist: All stablecoin holders must undergo KYC verification; anonymous wallets will be completely shut down;\n\n• 25 million HKD Entry Ticket: Minimum paid-in capital threshold for issuers, small players will be directly discouraged;\n\n• 1-Day Redemption Lifeline: Users can redeem at face value anytime, preventing UST-style collapse tragedies.\n\n🚨 Market Earthquake\n\n• Positive: Major players like Standard Chartered and JD.com have rushed to apply for licenses, Hong Kong dollar stablecoins may become new favorites for cross-border payments;\n\n• Negative: DeFi protocols are devastated — new regulations explicitly prohibit algorithmic stablecoins, on-chain anonymous transactions are banned;\n\n• Dark Secrets: It is rumored that the Monetary Authority has secretly negotiated with institutions, with only 3-4 licenses to be issued in the first batch; application deadline is September 30.\n\n💡 Survival Guide for Retail Investors\n\n✅ Hold Tight to the Big Players: Only recognize licensed institutions published on the Monetary Authority's official website (expected to be announced in early 2026);\n\n✅ Beware of Imposters: Projects that claim to be "licensed" without approval may be directly involved in criminal activities;\n\n⚠️ Ultimate Prophecy: Hong Kong may become a testing ground for RMB stablecoins, but be cautious of covert attacks from the US SEC!