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Stabelcoin companies working in Hong Kong posted the loss of points on Friday amid local regulatory changes and comprehensive market reforms.
Bright Smart Securities and Commodities Group fell nearly 20% on Friday, together for Google Finance Data. Unafeng Financial Group declined by more than 16%, while the trading session, while Gutai Junon International Holdings declined by 11% and OSL Group by 10.5%.
These companies are referred to as “Hong Kong Stabecrim-Concept Companies”, with share prices coming in contact with stabechoin release, detention, business, or related infrastructure. Nevertheless, some local experts see reforms as a positive market adjustment.
This is “a healthy right,” Ellen Huang said, a senior stabelcoin policy racer at Hong Kong University’s University of Science and Technology. “There are indications that StableCoin frenzy has spread to other financial markets.
Hong Kong’s financial markets improve amid widespread recession. The Hang Seng index closed more than 1% on Friday, while the Hang Seng Smallcap index dropped the session 1.54%. Hang Seng Tech Index lost 1.02%.
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A healthy market improvement
The decline in shares follows Hong Kong’s entry into the six -month transition period with the rules of speculation as it translates into its stabeloin frimiwork. The new rules have planned to criminalize stabeloin promotion in the region without a license.
Huang is away from the only specialist who believes that this self-off was just a sensible market dynamic.
“Stabelcoin Concept” is a rational market reform in Stabelcoin Concept “Stock, a Hong Kong-Lishens Received Exchange is a rational market reform,” Stabelcoin Concept “said,” Stabelcoin Concept “is a rational market reform that is a rational market reform after months of speculative over-abusians.”
He explained that the regulator hardness, which requires one-to-one reserve, one-day redemption and a minimum capital of 25 million, with a priority of systemic stability and reliability. “He concluded:
“Improvement filters short -term speculation, allowing fundamentally strong players to anchor Hong Kong’s reputation globally as reliable digital asset hubs.”
“Today’s sales-AFF ‘Stabeloin Concept is likely to have a healthy improvement operation, AMLBOT. Kasbant for Demchuk, high licensed requirements and challenges faced by small firms were also weighed on” market repetition “.
Shuki Ma, Hong Kong -based chief strategy officer agreed with other experts, in the real -world property Tokanization Company Plum. He represents “this drop -taking advantage and a healthy market improvement run by regulator clarity.”
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Many people expected to leave the race
Huang said that, with the new rules, “Some institutions have given an attempt to Stabelcoin, deciding not to continue with the procedure.” He said that the initial batch of license holders would be beneficial with the adventure of the first-film, citing the network effects and the economies of the sali. He said:
“The first batch for two days is not expected, they will face a difficult fight, changing their cost-benefit analysis. Professional success.”
Maid that regulatory transition period prevents her efforts or switch to courts to people watching in stablecoins for small companies or speculation. Nevertheless, he funded the players well to follow the guidelines and tolerate compliance costs.
Damchuk similarly motivates the six -month regulatory transition period to issue some licenses “to run capital consolidation among stabelcoin issuers. He also re -shaped the market towards larger issuers, prioritizing partnerships with the pioneers of the license, to act as custodians, to act as custodians.
Hong Kong and US Stabecrim competition
Huang said that “In the short term, it is unlikely that the volume of Hong Kong Kong Dollar-supported Stabecin will be comparable with dollar-supported stables.” Nevertheless, MA states that China has the second largest market share in terms of export, adding:
“Strict rules benefit HKD-stabechoin issuers as it determines them as the main provisions of Stabeloin, a viable settlement for international trade.”
Demchuk said Hong Kong Stabechines “can gain a strategic lead in cross-border payments and DEFIs” by taking advantage of its financial hub position and strict regulation. Nevertheless, he said that “the glory of significant amounts in DEFI or payment is not in the form of a market before 2027 and the infrastructure devilop.”
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