Hong Kong Stablecoin regulations will take effect in August, and the Monetary Authority will strictly control the number of licenses.

【Blok Ritmi】25 Haziran'da bildirildiğine göre, Hong Kong Özel İdare Bölgesi Hükümeti 6 Haziran'da resmi gazetede bir duyuru yayımlayarak, 'Sabit Para Yönetmeliği'nin 1 Ağustos'ta resmen yürürlüğe gireceğini duyurdu, bu da dünya çapında ilk uzun fitilli mumun Fiat Para Birimi Stablecoin için düzenleyici çerçevenin uygulanmaya başladığı anlamına geliyor.

Hong Kong Monetary Authority Chief Executive Eddie Yue recently wrote that considering the newness of Sabit Para, the risks involved in issuing business, user protection, market capacity, and long-term development, there will be a relatively high threshold for licensing, and only a "small number of licenses" will be issued initially.

Yu Weiwen particularly emphasized that the Sandbox program launched by the Hong Kong Monetary Authority in 2024 is not a prerequisite for future applicants for the Sabit Para issuer license; on the other hand, even participating institutions that have entered the 'sandbox' do not necessarily guarantee obtaining a license. The Monetary Authority will carefully consider all license applications according to consistent and strict standards.

Yu Weiwen explicitly stated that applicants need to submit specific feasible business plans and practical application scenarios, focusing on their reserve management capabilities, compliance systems, and technical security. The first batch of stablecoins will focus on cross-border trade and Web3.0 applications.