Hong Kong Monetary Authority: There is currently no offshore Renminbi stablecoin issued in Hong Kong.

robot
Abstract generation in progress

[Hong Kong Monetary Authority: There is currently no offshore Renminbi stablecoin issued in Hong Kong] On September 24, news reported that the Hong Kong Monetary Authority has reminded that social media has recently circulated that the world's first stablecoin linked to offshore Renminbi has been issued in Hong Kong. Please note that this information is false news. The "Stablecoin Regulation" will officially take effect on August 1, 2025, and anyone issuing fiat stablecoins in Hong Kong during their business processes, or actively promoting their issuance activities to the public in Hong Kong, must obtain a stablecoin issuer license issued by the Monetary Authority. Please note that the Monetary Authority has not yet issued any licenses for stablecoin issuers. Therefore, any issuance or promotional activities related to stablecoins are illegal. If someone promotes stablecoins to you, you must remain vigilant. The Monetary Authority will monitor the situation regarding stablecoin transactions in the market, and if any behavior is suspected of violating the "Stablecoin Ordinance," we will consider taking further follow-up actions based on the relevant facts and evidence.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)