2025-12-25 07:23:49

Hong Kong's crypto regulation welcomes new changes, and these two trends are not to be missed

First: Stablecoin regulation crackdown begins

The Hong Kong Financial Authority is advancing a compliance framework for stablecoins. Notably, mainstream stablecoins have not been completely delisted but are being repositioned under clearer regulatory standards. This crackdown mainly targets stablecoin products that lack sufficient asset backing or transparency. For well-established coins with robust risk control and disclosure mechanisms, they may actually gain a more solid compliance status.

What does this mean? On one hand, substandard stablecoins face elimination; on the other hand, compliance costs will increase, but in the long run, market trust can be enhanced. For traders, it is important to pay attention to the compliance certification of issuers when using stablecoins in Hong Kong and Macau regions.

View Original

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.

16 Likes

Reward
16
9
Repost
Share

Comment

Add a comment

ApeShotFirst

· 2025-12-28 01:47

Damn, Hong Kong's move feels like clearing the field. Bad coins are really being suppressed. USDT holders are probably laughing their heads off.

View OriginalReply0

DAOdreamer

· 2025-12-28 01:00

The clearance of low-quality coins should have happened a long time ago. However, with increasing compliance costs... transaction costs are also going to rise. In the end, who will be the ones to pay the bill? It's still us small retail investors.

View OriginalReply0

down_only_larry

· 2025-12-26 22:28

Here comes another crackdown? This wave in Hong Kong is actually about screening out the trash coins, allowing the big coins to stand even more firmly.

View OriginalReply0

BlockImposter

· 2025-12-25 07:53

The clearance of bad coins should have happened a long time ago. A bunch of stablecoins with no backing really need to be cleaned up. However, if compliance costs increase, small retail investors should be more cautious.

View OriginalReply0

BlockchainFries

· 2025-12-25 07:51

Here we go again with regulations. Is Hong Kong planning to eliminate all the unapproved stablecoins?

View OriginalReply0

TokenStorm

· 2025-12-25 07:50

On-chain data shows that this wave of regulation is actually beneficial for leading stablecoins. Projects with sufficient asset backing have a directly reduced risk factor. This is a classic case of the bad money driving out the good in a reverse operation. I need to recalculate the liquidation price again based on this arbitrage opportunity.

View OriginalReply0

GameFiCritic

· 2025-12-25 07:37

This wave of clearing out low-quality stablecoins in Hong Kong, to put it simply, is market optimization... In the long run, it indeed benefits leading cryptocurrencies, but the rising compliance costs might cause small and medium projects to struggle. The boost in trust sounds good, but who would really feel assured just because of a certification?

View OriginalReply0

AirDropMissed

· 2025-12-25 07:29

Low-quality stablecoins should be phased out. The recent actions in Hong Kong are actually quite rational; in the long run, they are beneficial to the market... It's just that transaction costs will have to rise again, but that's because we need to comply.

View OriginalReply0

ApeWithNoFear

· 2025-12-25 07:24

The clearance of bad coins should have happened earlier, but compliance costs have increased... It doesn't affect big investors much, small retail investors need to be more cautious.

View OriginalReply0