Hong Kong Fintech companies looked like a crypto following a new stablcoin regime: Report
On August 1, the Hong Kong authorities introduced the most expected framework for the Fiat-based Stablecoin functionality in the country of Asia. While this empire can be viewed as a feeling of more empowering stablcoin, the government’s recognition of the digital asset class appears to promote the investigating investors.
Hong Kong Fintech raises more than $ 1.5-B to support the stablcoin, the Crypto business
According to the latest Reuters report, the new Kingdom of Hong Kong has shown a wave of money to accumulate between Fintech companies. Significantly, the Asian nation now requires all stilecoin issuers to obtain a license from Hong Kong Monetary Authority (Hkma). At that time, existing businesses given a period of six months of kindness.
Without license, new Kong laws are expected to include other workplaces, including The maintenance of the property of the property, measuring accounts and redemption systems etc. After the construction of the new State, reports reported by Hong Kong Kong Kong Center purposes for investing purposes, Blockchain and CryptocurnCreancial.
An outstanding company is digital asset and the OSL group company, now completed the $ 300 million equilibrium finals in late July. Some of the words noticed include DMALL INC. and EI of Sensendime of AI Sensentime.
Asian markets are promoted by Trump’s Pro-Cryptum Momentum
In some stories, Bloombergs reported that the latest investment and investment acts in Hong Kong and other Asian markets can be linked to US President Donald Trump to build a Crypto-friendly environment in the US. On July 18, Trump signed the first US Digital Bill, IE, an act of professionalism, aimed at building a reliable standard of stablcoins.
Outside Hong Kong, Malaysia, Malaysia, Thailand, and the Philippines are facing higher interest rates in the stablecoins – this is because most of the 166 billion dollar are still available for an American dollar.
When he took the South Korean as a sample, Bloomberg, USDT, and USDs in Korean trades reached for 57 trillion winning ($ 41 billion) in the first quarter of 2025. In settling this possible story, the ruling party is proposed Digital Asset action, which allowed local companies to formally disassemble the desire. However, not all performers supporting the program.
The installed image from MEPPPR, chart from trading
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