Interpretation: In Hong Kong, if you actively advertise to the public that you are or appear to be selling stablecoins, you also need to apply for a license

Odaily News The Hong Kong Stablecoin Ordinance only allows designated licensed institutions to sell legal currency stablecoins in Hong Kong, and only legal currency stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above situation, there is another "active promotion" situation, that is, even if you are not directly engaged in regulated stablecoin activities, if you actively promote to the public in Hong Kong or other regions that you are or appear to be conducting such activities, you also need to apply for a license. (Daily Economic News)