📢【Hong Kong "Stablecoin Regulation" Effective August 1! The world's first comprehensive regulatory framework is in place】
The Hong Kong Monetary Authority will initiate the licensing application for stablecoin issuers, aiming to issue the first batch of licenses (limited to single digits) within the year🔥. The regulation requires issuers to strictly meet requirements for reserve asset segregation, redemption guarantees, etc., aimed at addressing cross-border payment challenges and promoting financial innovation and security.
