Hong Kong Enforces Strict Stablecoin Rules Starting August 1 with Prison Terms
Hong Kong will implement its Stablecoin Ordinance effective August 1, imposing severe penalties on unlicensed stablecoin activities to balance technological innovation with consumer safeguards. Unlicensed issuers or promoters face fines up to HKD 50,000 (approximately USD 6,300) and potential six-month… Read More »Hong Kong Enforces Strict Stablecoin Rules Starting August 1 with Prison Terms