Hong Kong Monetary Authority: The regulatory framework for stablecoin issuers will take effect on August 1
The Hong Kong Monetary Authority announced that it will implement a regulatory framework for stablecoin issuers starting from August 1. Institutions wishing to apply for a license must contact the Monetary Authority by August 31. If an institution is well-prepared and wishes to be considered early, it must submit its application by September 30. Currently, the Monetary Authority has not issued any licenses. Investment should be approached with caution, and this article does not constitute personal investment advice
The Hong Kong Monetary Authority issued a press release stating that it will implement a regulatory regime for stablecoin issuers starting from August 1. Institutions wishing to apply for a license should contact the Monetary Authority on or before August 31. Individual institutions that believe they are adequately prepared and wish to be considered early should submit their applications to the Monetary Authority on or before September 30. As of today, the Monetary Authority has not issued any licenses.
Risk Warning and Disclaimer
The market carries risks, and investments should be made cautiously. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk
