๐ญ๐ฐ New: Hong Kong Launches Stablecoin Regulation in August to Attract Global Institutions!
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๐๏ธ Details:
Hong Kong's Financial Secretary, Paul Chan, confirmed that the Stablecoin Ordinance will come into effect starting August 2025.
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๐ผ Objectives of the Law:
โ Opening the door for global institutions to issue stablecoins in Hong Kong
โ Enhancing the city's position as a digital financial hub in Asia
โ Ensuring strict compliance and regulation while maintaining innovation
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๐ Potential Impact:
โ Attracting major companies to the Asian market
โ Accelerating the adoption of stablecoins on an institutional scale
โ Direct competition with American and European markets
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โDo you think Hong Kong will lead Asia in digital currency regulation?
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