Hong Kong Stablecoin Review and Adjudication Office: Only permits fiat-collateralized stablecoins, applicant capital threshold 25 million HKD
According to Aastocks, Mr. Lu Zhihong, a member of the Hong Kong Stablecoin Review and Adjudication Office and the Web3 Development Team, stated, "Currently, Hong Kong only permits fiat-collateralized stablecoins supported by legal currency. Applicants must have a capital scale of at least 25 million HKD to ensure sufficient financial strength for operations and market risk management.
The fiat funds of issuers must be invested in highly liquid, low-risk assets to ensure the stablecoin's value can be reliably supported, and independent audits are required to provide compliance certification to regulatory authorities."
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Hong Kong Stablecoin Review and Adjudication Office: Only permits fiat-collateralized stablecoins, applicant capital threshold 25 million HKD
According to Aastocks, Mr. Lu Zhihong, a member of the Hong Kong Stablecoin Review and Adjudication Office and the Web3 Development Team, stated, "Currently, Hong Kong only permits fiat-collateralized stablecoins supported by legal currency. Applicants must have a capital scale of at least 25 million HKD to ensure sufficient financial strength for operations and market risk management.
The fiat funds of issuers must be invested in highly liquid, low-risk assets to ensure the stablecoin's value can be reliably supported, and independent audits are required to provide compliance certification to regulatory authorities."