Hong Kong Don Set Tough Rules For Stablecoin: You Go Need License To Sell And Market Fiat-Backed Stablecoins
Hong Kong don bring serious law for stablecoins, say na only companies wey get license go fit sell or advertise stablecoins wey get support from real money to people. The Stablecoin Ordinance, wey go start August 1, 2025, go set clear rules for companies wey dey issue stablecoins, like how dem go manage dem money well, separate customers money, and make sure say people fit withdraw dem money within one day. The new rules go even reach companies, including those for outside Hong Kong, wey dey actively advertise or promote stablecoin things to Hong Kong people, even if dem no directly dey sell am. Any company like that go need to apply for local crypto license. This move na part of Hong Kong big plan to control digital money, protect investors well, and follow international standards like EU's MiCA. This clear rules go make things open, bring global tech money projects, and make people trust stablecoin market more, and e go affect big stablecoins like Tether (USDT). Crypto traders and companies wey wan do business for Hong Kong market suppose follow all these changes well, because if dem follow the rules and make things secure, e fit make big companies join and affect how dem dey trade for here and everywhere.
Bullish
Hong Kong don implemént their stablecoin regulashon wey clear and protect invéstor well-well. Dis one na good sign for big big kọmpaní dem to take stablecoin and make am legal. By makíng it compulsory to get láisẹns before you fit sell or promo stablecoin, and by follow global rules like MiCA, Hong Kong don make stablecoin market get more trust and dem go see tin well. Both big and small invéstor dem go like dis one. Even if dis strict rules fit make am hard for some people to enter the market and fit make speculátív trading reduce small at fọ́st, the way dem don make am clear and protect users well go attract more fintech kọmpaní dem wey get rule and plenty money go flow in. Dis kind environment fit make stablecoin use increase for normal fínánsé, wey go help am grow long term and make the market stable. So, dem see dis move as good news, especially for big stablecoin dem like USDT, because when rules accept am and dem clear, big kọmpaní dem go join and trading go increase.