The Hong Kong stablecoin regulations officially take effect, promoting the development of the global Web3 hub.

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On August 1st, Wu Jiezhuang, a member of the Legislative Council of Hong Kong, posted on social media that the Hong Kong stablecoin regulations officially take effect today. He is pleased to see numerous global institutions coming to Hong Kong to understand or express their intention to apply for stablecoin licenses, which will certainly promote Hong Kong's development as a global Web3 center. At the same time, industry practitioners and related institutions need to be reminded: after the bill takes effect, engaging in stablecoin-related businesses must strictly comply with the regulations. Recently, many industry insiders have inquired whether offline "encryption asset exchange shops" can continue to exchange and sell so-called "stablecoins"; it is recommended that everyone pay special attention to this.

Carefully study the specific provisions of Article 6 and Article 9 of the stablecoin regulations.

We urge users in Hong Kong who are interested in participating in encryption asset investment trading to choose compliant trading platforms in Hong Kong for their operations.

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MetaverseHermitvip
· 08-03 23:36
Compliance is indeed the most important.
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RunWhenCutvip
· 08-03 11:47
Finally Compliance
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DeFiCaffeinatorvip
· 08-03 04:17
Compliance is the way to go.
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WinterWarmthCatvip
· 08-01 05:36
Compliance leads the way to the future
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YieldHuntervip
· 08-01 05:23
Regulation of stablecoins is gradually tightening.
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APY追逐者vip
· 08-01 05:18
Institutional advancement is essential for development.
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OnChainSleuthvip
· 08-01 05:11
Hong Kong is not bad, fighting.
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