Hong Kong Gets Tough on Stablecoins: Only a Few Will Survive

#StablecoinRegulation #HKMA #CryptoCompliance #Salma6422

Hong Kong’s monetary authority just dropped the hammer on stablecoin issuers. With licensing requirements now matching banks and e-wallets, only a handful will be allowed to operate — and only for specific purposes like cross-border trade.

🔒 Key standards:

Full reserve management

Strict anti-money laundering

Transparent redemption mechanisms

Purpose-limited licensing

📌 Impact:

This signals a global trend: regulators are raising the bar. The era of unchecked stablecoins is ending — and only the compliant will thrive.