- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Official Verification
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- Quick Buy
  Buy with bank card, Apple Pay, Google Pay, PIX, or SEPA
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Hong Kong Stablecoin Regulation to Take Effect on August 1, Over 50 Companies Interested in Applying for Hong Kong Stablecoin License

By: theblockbeats.news|2025/07/14 02:42:02

BlockBeats News, July 14th, as the "Stablecoin Regulation" is set to be officially implemented on August 1st, currently, 50 to 60 companies are planning to apply for a Hong Kong stablecoin license, with half of them being payment institutions and the other half being well-known internet companies, most of which have a Chinese background. The industry estimates that only 3 to 4 licenses will be issued in the initial stage, and initially, stablecoins will mainly be pegged to the Hong Kong dollar and the US dollar.

A whale liquidated his TRUMP position after five months, with a loss of $1.24 million

“Insider Whale” Partially Liquidated Again, Floating Losses Exceed $4.6 Million