The Hong Kong "Stablecoin Regulation" will come into effect on August 1, with licenses limited to a few, and the promotion of unlicensed stablecoins may become a criminal offense.



Hong Kong will officially implement the "Stablecoin Ordinance" on August 1, establishing a globally leading regulatory framework for fiat-backed stablecoins (FRS).

The regulations require issuers to apply for licenses, covering AML, reserve management, information disclosure, etc. Promoting stablecoins to the public without a license will constitute an illegal act and may result in fines and criminal responsibility.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Share
Comment
0/400
MEVSandwichvip
· 8h ago
Standardized and guaranteed, use with confidence.
View OriginalReply0
RektButAlivevip
· 8h ago
The era of stablecoins is about to change.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)