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The Hong Kong stablecoin licensing system is officially implemented today.
Hong Kong officially implemented its long-awaited fiat-backed stablecoin licensing regime on August 1, requiring all companies issuing or promoting stablecoins to retail investors to first obtain a license from the Hong Kong Monetary Authority (HKMA). The new regulations cover various compliance requirements, including reserve asset management, redemption at face value, customer fund segregation, anti-money laundering measures, information disclosure, and operator suitability. #6 BTC全民空投限时派送中#