On August 1, the Hong Kong authorities have presented a very expected organizational framework aimed at overseeing the FIT -based Stablecoin -based stablecoin operations. Although this system may be considered strict by assigning more requirements for Stablecoin operators, the government’s recognition of this category of digital assets seems very encouraging for investors.
Hong Kong collection.
According to Reuters a report, The new Stablecoin system in Hong Kong has sparked a wave of donation collection activity. It is worth noting that the Asian nation now requires all exporters from Stablecoin to obtain a license from the Hong Kong Cash Authority (HKMA). Meanwhile, the current companies have been granted a transitional period of six months.
In addition to the license, it is expected that the new Stablecoin regulations in Hong Kong will cover other operating areas, including Reserve asset management, anti -money laundering measures, redemption systems, etc. After the enforcement of this new system, Reuters reported that at least 10 Fintechs listed in Hong Kong raised $ 1.5 billion through stock positions with investment intentions in Stablecoins, and regular encrypted payment systems.
A prominent company in this group is OSL Group digital assets and digital assets, which has now completed $ 300 million of stock financing in late July. Other prominent names include Dmall Inc. The leading at Ai Company Group.
Asian markets driven by Trump’s pro -aging momentum
In other news, Bloomberg Reports These recent organizational and investment measures can be linked to Hong Kong and other Asian markets to US President Donald Trump’s continuous efforts to build a friendly environment for encryption in the United States. On July 18, Trump signed the first major regulatory bill for American digital assets, that is, a genius law, aimed at creating a reliable regulatory framework for Stablecoins.
Aside from Hong Kong, countries like South Korea, Malaysia, Thailand and the Philippines are suffering because the majority of Stablecoins is worth $ 256 billion is still linked to the US dollar.
When South Korea is taken as a case sample, Bloomberg states that the transactions involved USDC, USDT and USDs on Korean exchanges amounted to about 57 trillion Won ($ 41 billion) in the first quarter of 2025 alone. In the solution of this possible issue, the ruling Democratic Party has suggested since then The basic digital assets law, which will enable local companies to version of the Stablecooins on victory. However, not all legislators support this initiative.
Distinctive image from MAPPR, TradingView graph
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