#香港稳定币新规

Hong Kong's new regulations on stablecoins can be summarized in three points:

1. Must be licensed — Issuing stablecoins (like USDT, USDC) requires a license from the Monetary Authority; otherwise, it is considered illegal.

2. 100% reserves — The issuer must hold 1:1 cash or equivalent assets to prevent a collapse.

3. Restrictions on retail investors — Only professional institutions and large investors may be allowed to trade; ordinary people may not be able to buy.

Purpose: To support crypto finance while managing risks, avoiding the impact of an FTX-like collapse on the Hong Kong market. In simple terms, it means "first regulate, then develop."

I’m just talking nonsense!