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2025-08-02 11:07:58
[Hong Kong's Stablecoin Compliance Era Begins, Dozens of Institutions Scramble for Entry] ⑴ With the official implementation of the Stablecoin Ordinance on August 1st, Hong Kong has fully entered the era of stablecoin compliance. ⑵ A person working in virtual asset compliance revealed that license applications are currently very popular. ⑶ The person stated that they have contacted dozens of applicants alone. ⑷ Although the official application acceptance period only began this month, several mainland-based institutions have already held preliminary discussions with the Hong Kong Monetary Authority. ⑸ These applicants come from a variety of sectors, including the internet, industry, and finance. ⑹ To handle the large number of consulting requests, it is common for relevant personnel to work overtime until the early hours of the morning. ⑺ This phenomenon demonstrates that the huge potential of Hong Kong's stablecoin market is attracting a wide range of capital and enterprises. ⑻ The implementation of the new regulations will bring new opportunities to the market, but also foreshadows fierce competition.
