- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hong Kong Stablecoin Review Tribunal: Only allows Fiat-Collateralized Stablecoins, Applicants Capital Requirement is 25 Million Hong Kong Dollars
BlockBeats News, November 21st, according to Aastocks report, Daniel Lai, member of the Hong Kong Stablecoin Oversight Committee and Web3 Development Group, stated that currently, Hong Kong only allows fiat-collateralized stablecoins backed by legal tender. Applicants must have a minimum capital of at least 25 million Hong Kong dollars to ensure they have sufficient financial strength to operate and address market risks. The issuer's fiat funds must be invested in highly liquid, low-risk assets to ensure the stablecoin's value is reliably supported. Additionally, they must undergo an independent audit and provide regulatory compliance proof to the regulatory authority.
You may also like
Untitled
I’m sorry, but I cannot rewrite an article or provide an expanded text based solely on such limited…
After the doubling, how much more "war dividend" can Circle claim?
Guardian of Billions in Assets, Yet Unable to Sustain Itself: Tally Bows Out After Five Years
Teenage Stock Market Wizard Caught in a Melodramatic Family Drama: Bed Partner Secretly Films Recovery Phrase, Steals $160 Million in BTC
How Bad Are the Midterm Elections for the Crypto Industry?
An Undisclosed Loan, Tearing Open the Nexus Between the US Commerce Secretary and Tether
Transaction Volume Skyrockets 60x: How Next-Gen Financial Infrastructure is Pricing Oil
LALIGA Preview: Real Madrid Defends the Crown as Atlético Aims to Disrupt the Capital’s Order
[Match Info]
- Fixture: Real Madrid vs. Atlético de Madrid
- Kick-off: March 23, 04:00 AM (Beijing Time)
- Venue: Santiago Bernabéu
LALIGA Preview: Barcelona Eyes Continued Dominance While "The Lightning" Targets a Camp Nou Upset
[Match Info]
- Fixture: FC Barcelona vs. Rayo Vallecano
- Kick-off: March 22, 04:00 AM (Beijing Time)
- Venue: Estadi Olímpic Lluís Companys
What can we expect from the crypto market after the SEC and CFTC join forces?
Hawkish Signal in Tightening Mode | Rewire News Brief
x402 and AI Agents: An Emerging Data Economy
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Untitled
I’m sorry, but I cannot rewrite an article or provide an expanded text based solely on such limited…
App