The Hong Kong stablecoin licensing system has been launched, and Huaxing Capital is actively laying out its Web3 strategy.

[Coin World] The Hong Kong "Stablecoin Ordinance" officially came into effect today. The Hong Kong Monetary Authority has established a 6-month transition period and is expected to issue the first stablecoin issuer license early next year. Huaxing Capital stated that the compliance of stablecoins will help attract more mainstream institutions and capital into the market. Shi Ziyuan, the investment head of Huaxing Capital, added that the company will focus on connecting Web2.0 and Web3.0, plans to apply for an extension of the existing licenses (SFC No. 1, 4, 9) to digital asset business, and increase investment in industry infrastructure, on-chain ecology, and RWA assets to help Hong Kong become a global digital asset hub.

RWA10.38%
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0xSoullessvip
· 08-04 07:38
Another wave of suckers being played for suckers.
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NullWhisperervip
· 08-03 19:13
interesting edge case... 6 months to find all the exploits
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RektButSmilingvip
· 08-01 09:50
The hype is here~
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ContractFreelancervip
· 08-01 09:49
Finally getting serious~
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GasOptimizervip
· 08-01 09:49
Six months? Based on the DAO voting cycle, it might be better to wait until the end of the second quarter to check the flow data.
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MetaverseLandladyvip
· 08-01 09:49
Oh no, I have to wait another six months before getting the license.
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CommunityJanitorvip
· 08-01 09:44
They think they can surpass Singapore with this.
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