Ping An acknowledges the change in stablecoin policy in Hong Kong, emphasizing its blockchain platform and committing to continue adaptive research. The Hong Kong Monetary Authority (HKMA) will implement new regulations requiring licenses for fiat-pegged stablecoins from August 1, 2025, through a private invitation mechanism.
This move forecasts a restructuring of the stablecoin market, especially with coins like USDT and USDC. However, decentralized assets like BTC and ETH are unaffected as they are not pegged to fiat.
Although Ping An and industry leaders have not made a public statement, the market remains cautious, waiting for further official guidance. The public discussion on social media is also quite limited, reflecting the hesitance of the parties in light of the new legal environment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ping An considers the new Stablecoin regulations of Hong Kong
Ping An acknowledges the change in stablecoin policy in Hong Kong, emphasizing its blockchain platform and committing to continue adaptive research. The Hong Kong Monetary Authority (HKMA) will implement new regulations requiring licenses for fiat-pegged stablecoins from August 1, 2025, through a private invitation mechanism.
This move forecasts a restructuring of the stablecoin market, especially with coins like USDT and USDC. However, decentralized assets like BTC and ETH are unaffected as they are not pegged to fiat.
Although Ping An and industry leaders have not made a public statement, the market remains cautious, waiting for further official guidance. The public discussion on social media is also quite limited, reflecting the hesitance of the parties in light of the new legal environment.