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#BTC挑战11万大关 Hong Kong's "Stablecoin Regulation Draft" Passed by the Legislative Council

Xinhua News Agency, Hong Kong, May 21 - The Hong Kong Legislative Council passed the "Stablecoin Regulation Draft" on the 21st, aimed at establishing a licensing system for fiat stablecoin issuers in Hong Kong, further improving the regulatory framework for virtual asset activities to maintain financial stability and promote innovation in the financial sector.

According to the regulation, any individual or entity engaged in the issuance of fiat stablecoins in Hong Kong, or issuing fiat stablecoins pegged to the Hong Kong dollar in Hong Kong and other regions, must apply for a license from the Financial Management Commissioner. Relevant applicants must meet specific conditions regarding reserve asset management and redemption, including strict isolation of customer assets, establishing a robust stabilization mechanism, and responding to redemption requests from stablecoin holders at face value under reasonable conditions.

The Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, Xu Zhengyu, pointed out that the regulation follows the fundamental principle of "same activities, same risks, same regulation", emphasizing risk management and committed to building a robust regulatory environment, which not only aligns with international regulatory standards but also provides a solid foundation for Hong Kong's virtual asset market, promoting sustainable development of the industry and protection of user rights.

The President of the Hong Kong Monetary Authority, Yu Weimen, expressed confidence that a reliable regulatory environment would create favorable conditions for the healthy, responsible, and sustainable development of Hong Kong's stablecoins and the entire digital asset ecosystem.

The regulation is expected to be officially implemented in 2025, allowing the industry ample time to understand and adapt to the new licensing system requirements. At the same time, the licensing system also has transitional arrangements to enable the industry to apply for licenses and make appropriate business arrangements in accordance with the requirements of the "Stablecoin Regulation".

#TURBO/USDT It is better for robots to operate as they carry out emotionless trading
According to the current trading details, the current occupied margin is 645.41 USDT, accounting for 58.3% of the invested capital, with a pending order margin of 346.5 U. The strategy is in a high-frequency trading state. It is advisable to keep the margin ratio below 50% to cope with sudden fluctuations, but in the cryptocurrency circle, the vast majority of people are gambling on the edge of liquidation. This is not advisable; real trading still requires patience and waiting for the flowers to bloom.

$ALPACA will be taken off the shelves, where did so many orders come from? Are you treating users like enemies?

#BTC走势预测 We need to know that the scarcity of Bitcoin plays an important role in supporting its value. The total amount of Bitcoin is strictly limited to 21 million. Over time, although more and more Bitcoins are mined and enter the market, the output rate of new Bitcoins is slowing down. This limited supply is in sharp contrast to the growth of demand, especially when global economic uncertainty increases, investors are more inclined to invest funds in digital assets with safe-haven properties, and Bitcoin has such properties.
Secondly, the impact of market sentiment and investor confidence on Bitcoin prices cannot be ignored. The Bitcoin market is highly volatile and easily affected by market sentiment. When the market is generally optimistic about the future development prospects of Bitcoin, investor confidence will increase, which will in turn drive up prices.
Furthermore, the entry of ETFs promoted by some large institutional investors has also injected new vitality into the Bitcoin market. They have strong financial strength and research capabilities, can accurately grasp market trends and investment opportunities, and their participation has further promoted the rise in Bitcoin prices.
In addition, policy changes are also a key influencing factor. Governments' attitudes and policies towards digital currencies are constantly evolving, and these policy changes often have a significant impact on the performance of the Bitcoin market. For example, if a government declares Bitcoin a legal means of payment or regulates it, it may enhance Bitcoin's market position and investor confidence, thereby driving up prices.
After each bull market, BTC prices will stabilize at a very high price.

From the recent market performance, the price of BTC has indeed experienced a significant upward period. Influenced by both Trump's election and the Federal Reserve's policy outlook, the price of BTC broke through the historical high of $93,400 in November 2024, and in some forecasts, the possibility of surpassing $100,000 by the end of the year was assessed by the options market at 43.68%. Behind this wave of increase, there are both policy expectations, such as Trump's promise to introduce a series of policies favorable to the development of cryptocurrencies, and active participation from institutional investors, injecting new momentum into the market.

However, whether BTC can truly stabilize at $100,000 cannot solely be determined by temporary market enthusiasm. In fact, multiple factors are intertwined, affecting BTC's future trajectory.

Firstly, the macroeconomic environment is an important consideration. In the context of global monetary policy easing and abundant funds, investors may turn to digital currencies like Bitcoin in search of higher returns. But at the same time, if inflation rises again leading to tighter monetary policy, it could pose resistance to Bitcoin.

Secondly, the uncertainty of regulatory policies is also a significant factor affecting BTC's price. The regulatory attitudes and policy changes of various governments towards Bitcoin are unpredictable; strict regulation can lead to market panic and trigger a sell-off. Conversely, a loose policy environment may support BTC's rise.

In addition, market sentiment and technological development are also factors that cannot be ignored. Under optimistic sentiment, prices are prone to being excessively pushed up; while under pessimistic sentiment, it may trigger panic selling. At the same time, the development of blockchain technology and the landing of Bitcoin-related applications will also affect its intrinsic value and market expectations.

In summary, whether BTC can stabilize at $100,000 depends on the combined effects of multiple factors. In the current market environment, although there are some optimistic expectations and signs, numerous uncertainties and challenges still exist. Therefore, investors need to remain calm and rational, closely monitor market dynamics and policy changes, and formulate reasonable investment strategies and risk management measures.