香港《稳定币条例草案》正式生效

Core Viewpoint - The implementation of the Stablecoin Regulation in Hong Kong aims to establish a licensing system for fiat-backed stablecoin issuers, enhancing the regulatory framework for virtual asset activities to maintain financial stability while promoting financial innovation [1][2]. Group 1: Licensing and Regulatory Requirements - Any entity issuing fiat-backed stablecoins in Hong Kong or claiming to anchor their value to the Hong Kong dollar must apply for a license from the Financial Management Commissioner [1]. - Licensed entities must adhere to regulations regarding reserve asset management and redemption, including proper segregation of client assets and maintaining a robust stabilization mechanism [1]. - There are also requirements for anti-money laundering, counter-terrorism financing, risk management, disclosure, and auditing [1]. Group 2: Consumer Protection and Advertising Regulations - The licensing system is designed to provide better protection for the public and investors, allowing only designated licensed institutions to sell fiat-backed stablecoins in Hong Kong [1]. - Only stablecoins issued by licensed issuers can be sold to retail investors, and advertising related to licensed fiat-backed stablecoin issuance is the only type permitted [1]. - Citizens are advised to remain cautious when receiving advertisements or information related to fiat-backed stablecoins [1].