Jie Zhuang Ng: The Stablecoin Regulation Will Surely Drive Hong Kong to Become a Global Web3 Hub

By: theblockbeats.news|2025/08/01 13:42:24

0

Share

copy

BlockBeats News, August 1st. Hong Kong Legislative Councilor Wu Jiezhuang posted on social media, stating that the Hong Kong Stablecoin Regulation officially came into effect today. He is pleased to see many institutions from around the world visiting Hong Kong to learn about or express their intention to apply for a stablecoin license, which will undoubtedly drive Hong Kong's development as a global Web3 hub. At the same time, industry practitioners and relevant institutions need to be reminded: after the law comes into effect, any business involving stablecoins must strictly comply with regulations. Recently, many industry insiders have inquired whether offline "cryptocurrency exchange shops" can continue to exchange and sell so-called "stablecoins." It is recommended that everyone pay close attention to:

Thoroughly study the specific provisions of Article 6 and Article 9 of the Stablecoin Regulation;

Urge users in Hong Kong who are interested in participating in cryptocurrency investment transactions to choose Hong Kong compliant trading platforms for their operations.

-- Price

You may also like

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform

Web3 teams should stop wasting marketing budgets on the X platform

The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?

Key Market Intel on March 12th, how much did you miss out on?

1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base 2. Biggest Gainers/Losers: $DRV, $LYN 3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%

The new center of Crypto

The new center of Crypto

But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.

Why Does Everyone Hate AI?

Why Does Everyone Hate AI?

AI and Silicon Valley's PR Crisis

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.

What are the chances of a 5X MOONSHOT for HYPE?

What are the chances of a 5X MOONSHOT for HYPE?

Hyperliquid is building a new growth logic

Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG

Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG

The WEEX Precious Metals Campaign introduces zero-fee trading and a $300,000 reward pool, offering users new opportunities to engage with tokenized gold and silver markets on WEEX.

Lessons From a Third Prize Team in the WEEX AI Trading Hackathon

Lessons From a Third Prize Team in the WEEX AI Trading Hackathon

Rift, one of the Third Prize teams in the WEEX AI Trading Hackathon, shares how trusting their system helped the strategy stay resilient in live market volatility.

Untitled

Untitled

I’m sorry, but I cannot generate or rewrite content from an article when the original content or information…

Binance Sues WSJ Over Defamatory Iran Sanctions Allegations

Binance Sues WSJ Over Defamatory Iran Sanctions Allegations

Key Takeaways: Binance has filed a defamation lawsuit against the Wall Street Journal in New York for alleged…

Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026

Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026

Key Takeaways: XRP could experience a surge to $15 by the end of 2026, driven by institutional investments…

Aave Oracle Glitch Sparks $27M Liquidations: CAPO System Misconfiguration

Aave Oracle Glitch Sparks $27M Liquidations: CAPO System Misconfiguration

Key Takeaways: A misalignment in Aave’s CAPO oracle system led to $27 million in liquidated wstETH positions. The…

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform

The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?

1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base 2. Biggest Gainers/Losers: $DRV, $LYN 3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%

The new center of Crypto

But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.

Popular coins

Latest Crypto News

03:42

Trump: Powell should cut interest rates immediately instead of waiting for the next meeting

According to Jin10, U.S. President Trump stated that Federal Reserve Chairman Jerome Powell should cut interest rates immediately, rather than waiting for the next meeting.

02:42

Data: If BTC falls below $66,457, the cumulative long liquidation intensity on major CEX will reach $1.576 billion

According to Coinglass data, if BTC falls below $66,457, the cumulative long liquidation intensity on major CEXs will reach $1.576 billion. Conversely, if BTC breaks above $73,432, the cumulative short liquidation intensity on major CEXs will reach $1.514 billion.

02:42

Data: If ETH falls below $1,951, the cumulative long liquidation intensity on major CEXs will reach $985 million

According to Coinglass data, if ETH falls below $1,951, the cumulative long liquidation intensity on major CEXs will reach $985 million. Conversely, if ETH breaks above $2,153, the cumulative short liquidation intensity on major CEXs will reach $908 million.

00:42

The U.S. CFTC released a consultation opinion on prediction markets, emphasizing that trading platforms must comply with regulatory requirements

According to the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) has issued a consultation opinion on the trading of event contracts in the prediction market. In light of the rapid development of prediction markets, the agency aims to encourage the growth and innovation o...

00:42

SEC Chairman: Promote Regulatory Streamlining and Support Exemptions for Equity Tokenization Innovation

According to the SEC official website, the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul S. Atkins, delivered a speech at the annual meeting of the Investor Advisory Committee, focusing on three main topics.First, to reduce unnecessary information disclosure burdens, advocating...