Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

The minimum paid-up share capital requirement for Hong Kong stablecoin issuers has been changed to HK$25 million or 100% of the face value of the sta

Odaily2024/07/18 11:36
By:Odaily
Odaily News The Hong Kong Monetary Authority and the Treasury Department stated in the consultation summary of the legislative proposal for the implementation of a regulatory regime for stablecoin issuers in Hong Kong that stablecoin issuers should hold sufficient financial resources to properly deal with the relevant market risks, operational risks, technological risks and other risks arising from their business operations, but after taking into account market responses, the minimum paid-up share capital requirement will be changed to HK$25 million or one percent of the face value of its stablecoin circulation, whichever is higher. However, the Monetary Authority reserves the flexibility and power to impose additional capital requirements when necessary. (Hong Kong Government News Release)
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
11279.55%
ROI
Total profit $57525.68
HappyPlanets
HappyPlanets
insight500/500
18710.97%
ROI
Total profit $37421.93

Bot copy trading

More
TopTrader85
TopTrader85
insight150/150
$13284.03
Total profit
Total subscriber profits $137.16
GridOnly
GridOnly
insight150/150
$9015.2
Total profit
Total subscriber profits $107.17