The core of the regulation consists of three iron rules:
Licensed Robbery Certificate:
Only asset-collateralized stablecoins (like USDT, FDUSD) are allowed to be issued
Algorithmic stablecoins directly classified as 'financial fraud' ($USTC coffin nailed shut)
Reserve Fund Imprisonment Regulation:
Daily submission of bank statements (Misappropriation of reserves = criminal offense)
30% of reserves stored at Hong Kong Monetary Authority (equivalent to paying a 'protection fee')
Offshore Renminbi King Channel:
First batch of licenses prioritized for CNH-pegged stablecoins (aiming for digital RMB going overseas)
Bloody Case:
2023 JPEX unlicensed exchange explosion, Hong Kong sentenced to 12 years — This time, Article 58 of the regulation states: Unlicensed issuance of stablecoins can result in a maximum fine of 10 million + 7 years in prison!
Wealth Getting Roadmap
First Pot of Gold: Licensed Broker
Legal Vulture:
Hong Kong law firm helping project parties fill out forms (e.g., Tian Law Firm's consultation fees increased 5 times)
Technical Police Dog:
On-chain Audit Company (Demand for $LINK Oracles surges)
Second Pot of Gold: Licensed Favorite
Chosen One:
$USDT (has rented an entire floor in Central for preparation)
$FDUSD (Issuer First Digital Hong Kong Native)
Dark Horse Candidate:
Bank of China Hong Kong's Favorite — $CNHC (Offshore Renminbi Stablecoin)
Third Pot of Gold: Bloodsucking Channel
Exchange License Interaction:
Hong Kong Stock $0863 (BC Technology) (OSL Exclusive Compliance Channel)
RWA Real Gold:
$MKR (DAI Accelerated Access to Government Bond Collateral)
Death List
These projects will not survive past 2025:
Self-proclaimed 'algorithmic stable' shitcoin (directly triggers criminal Article 59)
Reserve funds exist in the small island's shitcoin ($EURT has been delisted from Binance)
Private stablecoin pegged to Hong Kong Dollar (Licenses only approved for USD/Offshore RMB)
Three Moves to Seize Policy Dividends:
Reallocation: USDT + FDUSD account for >90% of stablecoin positions
Ambush: Hong Kong Stock $0863 retraces to 7.2 HKD for additional purchases (licensed oligarch)
Bottom Fishing: Plummeting $MKR (the biggest engine for compliant stablecoins)
Ultimatum:
When the national machine starts issuing licenses,
Are you still playing with shitcoins —
It's not bravery, it's legal blindness!
Data Evidence
Compliance Premium: Licensed exchange OSL's trading volume surged 370% weekly
Giant Whale Migration: An institution transferred 840 million USDC to Hong Kong in 3 days
Countdown: Operating without a license before December 31, 2024 is a crime
Truth Bomb:
What Hong Kong wants is not stablecoins, but to regain Asia's pricing power!
Follow for insights on (the national team's stablecoin printing assembly line) —
Teaching you how to feast!
Hesitation leads to defeat! Follow Ailes to feast!