Hong Kong stocks related to stablecoins experience a surge ahead of new regulations, highlighting growing market anticipation for stablecoin issuance.
On July 28, stocks related to stablecoins in Hong Kong rose, with Jin Yong Investment up nearly 6% and Huaxing Capital increasing over 5%. The new stablecoin regulations will take effect on August 1, requiring issuers to obtain licenses and comply with anti-money laundering standards. The Hong Kong Monetary Authority is set to provide detailed guidance to applicants, with a focus on risk management and the prevention of excessive speculation.