On 1 August, Hong Kong officials introduced a highly anticipated regulatory Framework targeted under the supervision of Fiat-Band Stabeloin operations in the Asian count. Although this regime can be considered rigid by compulsory for more requirements for stablecoin operators, the government of this class of digital assets enters highly for investors.
Hong Kong Fintech increased more than $ 1.5-B to fund Stabecrim, Crypto business
According to a Reuters report, Hong Kong’s new Stabecoin regime has waited for the activeness of funding between Fintech companies. No, the Asian nation now needs all interested stabechoin issuers to obtain a license from Hong Kong’s Monetary Authority (HKMA). Meanwhile, existing businesses have been given a six -month transitional grade period.
Beyond licensing, Hong Kong’s new Stabecoin rules are also expected to cover operating areas, including Reserve Asset Management, Anti-Mani Laundering Measures, and Redemption System etc.
A major company other notable names include DMall INC. And leading AI Company Sensitime Group.
Supporters of Asian market Trump-Crypto reached speed
In other news, Bloomberg reports that regeneration regulatory and investment acts in other Asian markets can be linked to US President Donald Trump’s US President Donald Trump of Trump of impact to create a crypto-friendly environment in the US. On 18 July, Trump signed the first major American Digital Asset Regulatory Bill, IE, Genius Act, which was aimed at creating a reliable regulatory framework for stabiloin.
In addition to Hong Kong, the nation South Korea, Malaysia, Thailand and the Philippines, despite the concerns of capital outflow, the Asian-Bhoomi is experiencing a high level of interest in stabecrims. The reason for this is that most of the stabechoin worth $ 256 billion are still against the US dollars.
In taking South Korea as a case sample, Bloomberg status is that the transactions associated with USDC, USDT and USD on Korean exchanges reached approximately 57 trillion vones ($ 41 billion) in the first quarter of 2025. In solving this possible issue, the ruling Democratic Party has proposed The Digital Asset Basic Act, which will be enabled to release local companies legally von-based stabelin. However, not all the legalists are in support of this initiative.
Special displayed image from MAPPR, chart from tradingview
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