HKMA ends Stablecoin, and does not warn any licenses issued star-news.press/wp

The Hong Kong Monetary Authority (HKMA), the central banking authority of the private administrative area, has ended its organizational framework for Stablecoin, which has issued two groups of guidelines that will obtain August 1.

Tuesday, hkma Absolute The touches have put the touches on the consulting conclusions to clarify the upcoming rules.

The documents supervised the licensed stableoin financing rules (AML) and anti -terrorist financing (CTF) for the licensed Stablecoin exporters.

Besides the final rules, Hong Kong will launch a general record of licensed exporters as part of a broader batch to control the domestic ecosystems system.

The organizer said: “In the future, the audience may refer to the licensed StableCoin Sources record as shown on HKMA.”

Hkma says no licenses have been released yet

“As of today, no license has been issued from HKMA,” said the organizer, warning to the public against staying vigilant and warning of people or entities that claim to be a source or licensed from Stablecoin exporters in Hong Kong.

HKMA also warned the audience to those who claim to apply for a license. HKMA said: “The members of the audience who hold unlicensed Stablecoins for their own responsibility,” HKMA said.

The Central Bank had recently made data on the crazy market, which is led by the noise, Stablecoin. On Thursday, Hkma Eddie Yue Yue CEO said that Hype Stablecoin has increased trading volume and stock rates.

The official said it appears to be “curbing orgasm”, explaining that many apply for Stablecoin licenses are less than the organizer’s standards.

Yi said that the proposals were mysterious and lacking realistic applications. He added that some of the groups that apply lack artistic experience to be Stablecoin.

Yi said that only a few licenses will be released at the beginning, as the new organizational framework will enter the organization. Investors also warned against staying away from unlicensed Stablecoin offers to avoid breaking the next law.

HKMA encouraged the market participants interested in applying for a Stablecoin license to deal with the organizer by August 1.

The central bank said that applicants must also submit their full requests by September 30 to consider the first batch of licenses.

Related to: Vietnam publishes Blockchain National identity and records

Shenzhen warns of Stablecoin’s fraud

In other parts of China, Stablecoin’s fraud operations are high. On July 7, the authorities warned of Shenzhen citizens of illegal plans as Crypto and Stablecoin.

The city’s government work squad for the illegal financial activity alerted the public to the unlicensed entities that announce the encryption investments.

The officials said that these groups mislead investors and use limited knowledge of the public to the public to provide illegal investments.

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