According to TechFlame, on August 1, Hong Kong Legislative Council member Wu Jiezhuang said in an article on X, “Today, Hong Kong's stablecoin regulations are being implemented. I am very happy to see that many institutions from around the world have come to Hong Kong to understand or express their desire to apply for a stablecoin license. This will definitely help Hong Kong develop into a global Web3 center in the future.
In addition, I would also like to remind industry practitioners and relevant agencies to handle or engage in stablecoin-related business in accordance with the law after the implementation of the stablecoin law begins.
Recently, quite a few industry friends have asked whether offline “crypto asset exchange shops” can exchange and sell the relevant so-called “stablecoins” after enforcing the law. I think everyone should focus on the details of sections 6 and 9 of the stablecoin regulations; I urge everyone in Hong Kong to be interested in participating in cryptography
Friends who invest and trade assets must use the Hong Kong Compliant Exchange to invest and trade.