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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