Beijing Business Daily: Hong Kong Stablecoin License Approval Nears Completion, Industry Reminds of Differences in Mainland Regulatory Policies

Odaily According to an article published by Beijing Business Daily, Hong Kong maintains a prudent stance on issuing stablecoin licenses, with related review and research work nearing completion. The industry views this as a choice made in consideration of global stablecoin market risks and the realities of Hong Kong's financial development. However, investors should clearly understand the differences in regulatory policies towards stablecoins between Mainland China and Hong Kong. It is recommended that investors steer clear of various unlicensed stablecoin products, both domestic and international. Furthermore, cross-border participation in licensed stablecoin-related businesses in Hong Kong must comply with relevant Mainland regulations on foreign exchange and cross-border transactions. Investors are advised to be vigilant against irrational investment risks arising from market hype and to avoid blindly participating in related trading activities.