OTC: Compliance? It's so difficult for me

The Hong Kong "Stablecoin Regulation" took effect on August 1, and what I see the most is that the world's first "licensed stablecoin" era has arrived! I've seen many people celebrating, saying that compliance has been achieved, and that we can expand, preparing to open a new era of virtual currency.

However, the real impact on OTC is:

The regulations clearly require all OTC platforms (regardless of size) to apply for a license, and those without a license must cease operations immediately. Violators face up to 7 years in prison and a fine of 5 million Hong Kong dollars (new regulations in June 2025). Previously, informal OTC channels like street exchange shops in Hong Kong, which could not meet the requirements of 25 million Hong Kong dollars in capital, AML/KYC systems, etc., will completely exit the market.

There are public predictions circulating that the proportion of stablecoin trading may drop from 43% in 2024 to below 15%.

The President of the Monetary Authority, Yu Weiwen, stated: "The regulation of stablecoins is not to restrict innovation, but to allow innovation to run safely on the right track."

But with such restrictions, do you think the future prospects of stablecoins will be better?