- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hong Kong Secretary for Justice: Issuance of a Hong Kong Dollar-pegged Stablecoin in Hong Kong or Outside Hong Kong Requires Licensing
BlockBeats News, October 29th. Rimsky Lau, Secretary for Justice of the Hong Kong Special Administrative Region Government, stated that virtual asset trading is becoming increasingly active, with most trading conducted through virtual asset trading platforms. Many investors will deposit their virtual assets on the exchange to earn returns. In recent years, digital assets pegged to fiat currencies, known as "stablecoins," have risen rapidly. Anyone wishing to issue fiat currency stablecoins in Hong Kong or issue stablecoins claiming to be anchored to the Hong Kong dollar's value in or outside Hong Kong must apply for a license from the Commissioner of Financial Management.
Relevant parties must comply with regulations regarding reserve asset management, redemption, etc., including proper segregation of customer assets and maintaining a sound stabilization mechanism.
You may also like
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
On-Chain Options Explosion.ActionEvent
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
AI Agent needs Crypto, not Crypto needs AI
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App