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📅 July 3, 7:00 – July 9,
The Hong Kong stablecoin bill takes effect on August 1, promoting multi-scenario applications.
[Bitpush] The Financial Secretary of Hong Kong, Paul Chan, published a director's essay titled "A New Era for Asia" stating that the legislation for Hong Kong's stablecoin will come into effect on August 1st of this year. The Hong Kong SAR Government and financial regulatory bodies will strive to create a favorable market environment, complemented by necessary regulatory measures, to promote issuers to expand the application of stablecoins to different scenarios, helping to address the substantial pain points in business operations and citizens' daily lives.