Just now, BlockBeasts revealed explosive news: Hong Kong Legislative Council member Wu Jizhuang disclosed that Hong Kong is very likely to issue the first stablecoin license early next year! He emphasized: 'The regulations are very strict, and there are very few licenses, possibly just one!'
This is not baseless; it's solid news from the policy front!
What does this mean?
In simple terms: Hong Kong is becoming the 'new heart' of the compliant crypto ecosystem in Asia. Once the license is issued, it means that an institution will be officially recognized and able to issue stablecoins pegged to real assets in Hong Kong compliantly. This move is not just Hong Kong's own business - Wu Jizhuang also specifically pointed out: the licensed party must comply with the laws of the host country. This means that this license has 'cross-border effects'!
What's even more exciting is:
Next year, Hong Kong will also launch 'offline OTC legislation'! What does this mean? - Over-the-counter trading will also move towards transparency and legalization. Retail investors no longer need to operate in secrecy, the door to compliant trading is opening!
What's my opinion?
In this wave, Hong Kong is not just following trends, but taking the lead.
No foreign exchange controls + low tax rates + support from the mainland market + connecting to the 'Belt and Road'... this is simply a heavenly configuration for Web3 development!
Wu is absolutely right: 'Data assets are a big trend. If you lag behind, the cost of competition will keep rising.'
I have a hunch: once this license is issued, it will attract a large amount of institutional funds, especially from foreign investors with a strong preference for compliance. The 'scarcity' of 'issuing only one' may turn this license into the 'black card of the crypto world'; whoever obtains it will hold a first-mover advantage!
Have you ever thought about -
Which institution is most likely to obtain this 'first license'?
Is it backed by traditional banks? Or is it a giant with experience in issuing stablecoins?
Feel free to leave your guesses in the comments, let's track this license battle together!
Hong Kong's move is not just about issuing a license.
It is a signal, a trend, and the starting point of a new round of compliance innovation.
If you haven't realized that the 'compliance era' has arrived, you may soon be left behind.
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