Hong Kong's "Stablecoin Regulation" will take effect on August 1, and the Monetary Authority will start the license application process.

[Golden Finance] Golden Finance reports that the Hong Kong "Stablecoin Regulation" will come into effect on August 1, at which point the Hong Kong Monetary Authority will begin accepting license applications. Currently, the Hong Kong Monetary Authority has already initiated market consultations to implement specific guidelines for the "Stablecoin Regulation," aiming to establish the guidelines as soon as possible. In addition, the Hong Kong Monetary Authority has also announced that it is leading the review work under the Financial Stability Board (FSB) of the G20 regarding the implementation of the "Global Encryption Asset Activity Regulatory Framework" around the world.

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MetaverseHermitvip
· 06-24 05:22
Regulation has finally arrived...
Reply0
SmartContractPhobiavip
· 06-24 05:20
Can we still trade cryptocurrency properly?
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JustHereForAirdropsvip
· 06-24 05:18
Here it comes again, the regulation is really interesting.
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ImaginaryWhalevip
· 06-24 05:00
That came quite fast.
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