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Hong Kong will officially implement the "Stablecoin Ordinance" on August 1, 2025, becoming the world's first jurisdiction to establish a complete regulatory framework for fiat-collateralized stablecoins. #BTC
The ordinance requires issuers to apply for a license and meet the following core requirements: Capital threshold: At least 25 million HKD in paid-in capital; Asset segregation: 100% of reserve assets must be high liquidity, low-risk assets;
Mandatory redemption: Must process holders' redemptions unconditionally at face value. The regulatory goal is to balance financial innovation with risk control, gradually promoting compliant issuance through a sandbox mechanism.
Currently, only fiat-collateralized stablecoins pegged to the Hong Kong dollar are allowed, contrasting with the strict restrictions on virtual currencies in the mainland.
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🚀 The countdown has already begun… On December 31, 2025, the ZANNA universe will experience its greatest turning point. 🌌 A milestone that will redefine the future of the community and show who truly believes in the power of decentralization.
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🔗 Discover everything on the official ZANNAChain website and get ready for the movement.
🚀 The countdown has already begun… On December 31, 2025, the ZANNA universe will experience its greatest turning point. 🌌 A milestone that will redefine the future of the community and show who truly believes in the power of decentralization.
💎 1 MILLION of $ZANNA are waiting to be conquered. But only the holders who remain steadfast will have access to the turning point portal.
👁🗨 Want to be part of this story? The path is open, but only the visionaries will cross it.
🔗 Discover everything on the official ZANNAChain website and get ready for the movement.
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